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What The Market For Homes In Dupont WA Is Doing This Week
This Week - March 02, 2015
The median list price of homes in Dupont, WA is $300,000. The 37 properties in Dupont have been on the real estate market for an average of 87 days. The demand, measured by the Market Action Index is increasing, and days-on-market is trending downward. Even as more properties come available in Dupont, WA, these are positive trends for real estate market.
Supply and Demand
Dupont WA homes sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market in Dupont so watch for upward pricing pressure in the near future it the trend continues.
Inventory of Properties in Dupont WA Listed for Sale
Inventory of homes for sale in Dupont WA has been climbing lately. Not that rising inventory alone does not signal a weakening market. Loot to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply of homes in Dupont WA.
Market Action Index
The Dupont real estate market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 34.36 which indicates that demand is strong and available supply of homes in Dupont WA gets snapped up relatively quickly.
Market Action Index per Quartile
Not surprisingly, all segments in the market for homes in Dupont WA are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.
Residential Dupont WA house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Days on Market
The properties for sale in Dupont WA have been on the market for an average of 87 days. Half of the listings have come newly on the market in thepast 42 or so days.
Data courtesy of Altos Research LLC
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