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Alan Saunders

Alan Saunders

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Carson City Dayton Market Updates

(Published on - 7/4/2017 7:27:27 PM)

As of June 26, 2017 the Median List Price in Carson City was $329,450, and in Dayton - $296,200....The Median Asking Price per Square Foot in Carson City - $179, & in Dayton - $152. The Average Days on the Market in Carson City: 64, & in Dayton: 70.

 

The Market Action Index (MAI) answers the question :"HOW'S THE MARKET?  By measuring the current rate of sale versus the amount of inventory.  Index above 30 implies Seller's Market Conditions.  Below 30, conditions favor the Buyer.

Current MAI in Carson City - Seller's Advantage  - 35.8

Current MAI in  Dayton.       - Seller's Advantage - 33.9

Both markets remain in a relative stasis in terms of sales to inventory.  Prices have not been moving higher for several weeks . However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI.  If the market heats up persistently, prices are likely to resume an upward climb.


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