By Tosha Reinmiller, August 27, 2021
My fantastic clients just closed on a house in Seaside. So I thought it would be fitting to do a quick market overview for other buyers to be in the know.
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI* in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
This week the median list price for Seaside, OR 97138 is $595,000 with the market action index hovering around 68. This is an increase over last month’s market action index of 59. Inventory has decreased to 15.
*Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory. A balanced has a MAI of 30. Anything above is trending toward a seller’s market and anything below is trending toward a buyer’s market.
Call or email for if you want more info on Buying at the coast
Tosha Reinmiller
541-231-5829
tosha@coastlivingre.com
-Stats charts by Altos
Tosha Reinmiller
Principal Broker | OR
She/Her
ABOUT TOSHA Tosha specializes in the coastal communities of Manzanita, Cannon Beach, Nehalem, Wheeler, Arch Cape, Rockaway Beach and the surrounding areas in Tillamook County...
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- T: 541-231-5829
- F: 503-961-8224
- tosha@coastlivingre.com
F
503-961-8224