Wed Oct 04 2017
This week the median list price for Stevenson Ranch, CA is $829,443 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has held steady at or around 44.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
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.
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Wed Oct 04 2017
This week the median list price for Stevenson Ranch, CA is $511,000 with the market action index hovering around 64. This is an increase over last month's market action index of 58. Inventory has held steady at or around 6.
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.