Filed Under Housing Market, Hyde Park, Selling · Tagged: Hyde Park, reports · Print This Article
This Week in Hyde Park
The median list price in Hyde Park this week is
$344,900.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Market Action Index
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Price
Price trends in Hyde Park continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
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