Pick City: Irvine

Irvine - Week of February 3rd, 2014

Single Family Homes

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This Week The median list price in IRVINE, CA this week is $1,157,450. The 186 properties have been on the market for an average of 113 days. The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market. Supply and Demand In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

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Median Price

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

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Data Provided by and Copyright Altos Research LLC