THIS WEEK:
March 30, 2015 the median list price for a single family home in WESTLAKE VILLAGE, CA is $1,899,500.00
Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
SUPPLY AND DEMAND:
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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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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