
Historically, properties in this market sell at a 0.6% premium. Today's discount is 2.3%. This market is 3.0% undervalued. Median home price is $565,800 with a rental parity value of $584,600. This market's discount is $18,800. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $374/SF to $374/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 6.1% indicating a longer term upward price trend. Median rental rates declined $16 last month from $2,650 to $2,633. The current capitalization rate (rent/price) is 4.5%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three…[READ MORE]