When a homeowner is asking whether now is a good time to sell, Altos data makes it easy to respond with statistics to back it up.
In addition to looking at seasonal trends, look at the Market Action Index (MAI). If it’s greater than 30 and moving up, that means there’s solid buyer demand. Inventory is probably decreasing, and DOM is probably low or falling too. If the MAI is below 30 and falling, it’s moving into buyer’s market territory - still a good time to sell, as long as the house is priced appropriately so that you don’t get stuck on the market too long.
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