This week the median list price for Castro Valley, CA is $1,274,500 with the market action index hovering around 66. This is an increase over last month's market action index of 61 Inventory has increased to 26
M a r k e t A c t i o n I n d e x
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
a r k e t N a r r a t i v e
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
M a r k e t S e g m e n t s
Median List Price
Median Price of New Listings Per Square Foot
Average Days on Market
Median Days on Market
Price Decreased
Price Increased
Relisted Inventory
Strong Seller's Market
Each segment below represents approximately 25% of the market ordered by price.
Median Price
$1,758,000
$1,412,400 $1,099,000 $824,000
M e d i a n L i s t P r i c e
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
S e g m e n t s
P r i c e P e r S q u a r e F o o t
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
I n v e n t o r y Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
M a r k e t A c t i o n I n d e x
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
M e d i a n D a y s o n M a r k e t ( D O M ) The properties have been on the market for an average of 83 days. Half of the listings have come newly on the market in the past 56 or so days. Watch the 90-day DOM trend for signals of a changing market.
S e g m e n t s It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
