THIS WEEK:
May 11, 2015, the median list price for a single family home in NEWBURY PARK, CA is $918,000.00
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
SUPPLY AND DEMAND:
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.
PRICE:
Prices are climbing and we're nearing the market's all time high. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.
Click here to download FULL report
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
Hi, What an opportunity for buyers in your area. Thanks for sharing with us in Ar Land.
Comments(2)