Monday October 3, 2016
Bellator's Executive
Summary
DAPHNE, AL
Single Family Homes
This Week
The median list price in DAPHNE, AL this week is $259,610.
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market.
Real-Time Market Profile
Trend
Median List Price
$ 259,610
Asking Price Per Square Foot
$ 109
Average Days on Market (DOM)
127
Percent of Properties with Price Decrease
37 %
Percent Relisted (reset DOM)
19 %
Percent Flip (price increased)
10 %
Median House Size (sq ft)
2451
Median Lot Size
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
±+
±+
==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The Market Action Index has been trending lower for several weeks
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see
downward pressure on pricing.
±+
No change
2.5
Buyer's Advantage
29.0
≠≠
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market is hovering around this plateau. Look for a persistent
change in the Market Action Index before we see prices deviate
from these levels.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Top/First
Sq. Ft.
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
$ 486,500
3401 not available
4.0
3.5
15
68
1
1
171
Most expensive 25% of properties
Upper/Second
$ 299,000
2692
0.25 - 0.50
acre
4.0
3.0
15
68
5
3
140
Upper-middle 25% of properties
Lower/Third
$ 229,900
2250
0.25 - 0.50
acre
4.0
2.0
8
68
6
12
88
Lower-middle 25% of properties
Bottom/Fourth
$ 167,400
1790
0.50 - 1.0
acre
3.0
2.0
25
69
9
4
109
Least expensive 25% of properties
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