THIS WEEK:
March 30, 2015 the median list price for a single family home in OAK PARK, CA is $845,000.00
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
SUPPLY AND DEMAND:
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
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I hope you find it useful. These market reports are updated weekly so you can be "ahead of the curve" as to the direction the housing market is headed. If you are interested in more markets, don't hesitate to ask.
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