OAK PARK, CA Real Estate Supply and Demand for the week of 05/11/15
By Carmela Jacobs, Ventura Co., Los Angeles Co., CA, & Global Realtor
(Carmela Realty)
THIS WEEK: May 11, 2015 the median list price for a single family home in OAK PARK, CA is $772,450.00 With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook. SUPPLY AND DEMAND: Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. PRICE:The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle. Click here to download FULL report I hope you find it useful. These market reports are updated w...
Comments
0