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Tustin Weekly Real Estate Market Trends, Sept 24. 2007

By
Real Estate Broker/Owner with ThinkFree Realty

Market Trend Reports - ThinkFree RealtyHere is the most Up To Date Market Trends for Tustin. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile(TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers.


 

THIS WEEK
The median single family home price in TUSTIN this week is $719900.

Tustin Real-Time Market Profile

The Market Action index has been trending down lately, while days-on -market is climbing, providing mostly bearish signs for the market.

PRICE
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

Tustin Median Price

SUPPLY AND DEMAND
Local conditions are currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 16. With several months of inventory available at the current sales rate, buyers should find ample choice.

Tustin Market Action Index

QUARTILES
Investigate the market in quartiles-where each quartile is 25% of the homes

Tustin Characteristics per Quartile

Quartile 1 is Most expensive 25% of homes

Quartile 2 is Upper-middle 25% of homes

Quartile 3 is Lower-middle 25% of homes

Quartile 4 is Least expensive 25% of homes

Bob Coan -ThinkFree Realty

Here are some FREE Real Estate Tools for Tustin Home Buyers and Sellers

1) Request a Free 12 Page Market Trends Report for Tustin

2) Homes for sale in Tustin

3) Find Out How Much Your Home is Worth

4) Search for Neighborhoods similar to Tustin

5) Request a Home Tour in Tustin

6) Search Local MLS, market data, featured listings in Tustin

7) Relocation resources

8) First time buyer resources