Inventory has increased 50% over the past year, showing limited but improving availability on the market. Average asking prices have increased 5% over the last 12 months, demonstrating steady appreciation and continued buyer interest. Days on market have decreased decreased significantly at 651%, highlighting a much faster sales cycle and a strong buyer engagement. A total of nine retail sales over the past 12 months reflects consistent transaction activity and steady demand. An absorption rate of 7.5 months shows a balanced, steadily moving market where supply and demand are well-aligned and inventory is being absorbed at a healthy pace. In summary, This is a strong market due to rising prices, faster sales pace, and consistent activity. With solid demand relative to limited market supply, this is a seller's market.
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