Arch Cape, OR 97102
Tuesday July 11 2023
The Arch Cape home market as is typical has very low volume but it is worth noting the data.
This week the median list price for Arch Cape, OR 97102 is $1,746,500 with the market action index hovering around 40. This is an increase over last month's market action index of 33. Inventory has increased to 2.
The market continues to stay warm. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Median List Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
Price Per Square Foot
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
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.
Median Days on Market (DOM)
The properties have been on the market for an average of 63 days. Half of the listings have come newly on the market in the past 60 or so days. Watch the 90-day DOM trend for signals of a changing market.
View current Arch Cape MLS listings here.
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