The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Price

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Market Action Index

The GALVESTON, 77550 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 14.98. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 211 days. Half of the listings have come newly on the market in the past 98 or so days.

Links

• Print Kelly’s Executive Summary: 77550 SFH Homes for Sale 5-14-12
• Search homes for sale
• View communities in the 77550 Zip Code
• View homes for sale on Galveston Island

Inventory is tightening and days-onmarket is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Price

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Market Action Index

The GALVESTON, 77551 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 14.88. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 197 days. Half of the listings have come newly on the market in the past 98 or so days.

Links

• Kelly Kelley’s Executive Summary for Galveston Island, TX 77551 5-7-12
• Search homes for sale
• View Galveston Island Mid-Town Communities

The Market Action Index has been basically flat recently, and days-on-market decreasing, there are not strong signals for the direction of the market.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Price

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Price per Square Foot

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

Inventory

Inventory has been relatively steady around these levels in recent weeks.

Market Action Index

The GALVESTON, 77554 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 11.73. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 280 days. Half of the listings have come newly on the market in the past 172 or so days.

Links

• Search homes for sale
• View 77554 Subdivisions in Galveston

Median Price

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory

Inventory has been relatively steady around these levels in recent weeks.

Market Action Index

The GALVESTON market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 22.54. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 250 days. Half of the listings have come newly on the market in the past 112 or so days.

Links

• Search Condos and Townhomes
• Search High-Rise Condominiums

The Market Action Index has been basically flat recently, and days-on-market decreasing, there are not strong signals for the direction of the market.

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Price

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory

Inventory has been relatively steady around these levels in recent weeks.

Market Action Index

The GALVESTON market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 13.29. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 259 days. Half of the listings have come newly on the market in the past 162 or so days.

Links

• Search homes for sale
• View Galveston Island Listings by Community

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.

Median Price

Despite this week’s down tic, price trends in this zip code have generally been moving up lately. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend.

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

Inventory

Inventory has been relatively steady around these levels in recent weeks.

Market Action Index

The GALVESTON, 77550 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 16.84. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 211 days. Half of the listings have come newly on the market in the past 112 or so days.

Links

• Search homes for sale
• View Galveston Island East End Communities

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

Median Price

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Market Action Index

The GALVESTON, 77551 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.06. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 215 days. Half of the listings have come newly on the market in the past 152 or so days.

Links

• Search homes for sale
• View Galveston Island Mid-Town Communities

The median list price in GALVESTON, TX 77554 this week is $359,950. The 414 properties have been on the market for an average of 292 days. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Median Price

We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Market Action Index

The GALVESTON, 77554 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 11.36. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 292 days. Half of the listings have come newly on the market in the past 204 or so days.

Links

• Search homes for sale
• View communities in the 77554 Zip Code
• View homes for sale on Galveston Island

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

Median Price

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

Inventory

Inventory has been relatively steady around these levels in recent weeks.

Market Action Index

The GALVESTON market is currently in the Buyer’s Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 23.62 so buyers should expect to find reasonable levels of selection.

Days on Market

The properties have been on the market for an average of 247 days. Half of the listings have come newly on the market in the past 134 or so days.

Links

• View condos and townhomes for sale
• View High-Rise Condominiums for sale on Galveston Island

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Market Action Index

The GALVESTON market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 13.85. With several months of inventory available at the current sales rate, buyers should find ample choice.

Days on Market

The properties have been on the market for an average of 271 days. Half of the listings have come newly on the market in the past 176 or so days.