
Historically, properties in this market sell at a 0.6% premium. Today's discount is 3.7%. This market is 4.3% undervalued. Median home price is $563,300 with a rental parity value of $591,600. This market's discount is $28,300. Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $374/SF to $375/SF. Resale prices have been rising for 2 month(s). Over the last 12 months, resale prices rose 5.6% indicating a longer term upward price trend. Median rental rates declined $0 last month from $2,633 to $2,632. 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]