Found 2 blog entries tagged as real estate market analysis.

Executive Summary

If the Puerto Vallarta housing market were a Mexican film, we'd be watching an epic transformation scene. With inventory levels soaring and prices performing an intricate dance, the market has definitively shifted to favor buyers. Yet, like any great story, the plot contains numerous fascinating subplots worth exploring.

Month-over-Month Analysis (October vs November 2024)

The Latest Chapter in Our Market Saga Active Listings decreased from 572 to 565 (-1.2%) New Listings decreased from 77 to 70 (-9.1%) Sold Listings decreased from 25 to 16 (-36%) Median Sale Price increased from $285,000 to $336,250 (+18%) Absorption Rate improved from 27.79 to 26.69 months (-4%)

The most notable shift? Days on Market…

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Market Overview

The Puerto Vallarta housing market in June 2024 showed significant changes compared to the previous year. Here are the key metrics:

  • Active Listings: 506 (42.9% increase from June 2023)
  • New Listings: 46 (17.9% decrease from June 2023)
  • Pending Listings: 27 (42.1% increase from June 2023)
  • Sold Listings: 18 (45.5% decrease from June 2023)
  • Average List Price: $1,028,260.80 (5.43% increase from June 2023)
  • Median List Price: $660,500 (4.94% increase from June 2023)
  • Average Sale Price: $594,522.72 (22.81% increase from June 2023)
  • Median Sale Price: $432,500 (11.18% increase from June 2023)
  • Average Days on Market: 205 (5.09% decrease from June 2023)
  • Absorption Rate: 22.08 (76.78% increase from June…

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