How Is The Market? August – September Report For Mustang
Tue Sep 27, 2022
This week the median list price for Mustang, OK 73064 is $355,000 with the market action index hovering around 37. This is less than last month’s market action index of 45. Inventory has increased to 93.
Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Seller’s Advantage
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.