Wednesday, April 9, 2014

Pick City: La Mesa

La mesa - Week of March 6th, 2014

Single Family Homes

This Week

The median list price in LA MESA, CA this week is $499,450. The 128 properties have been on the market for an average of 95 days.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market

Supply and Demand

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.

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.

Inventory of Properties Listed for Sale

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.

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Data Provided by and Copyright Altos Research LLC


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