Pick City: Chula Vista

Chula Vista - Week of May 5th, 2014

Single Family Homes

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This Week The median list price in CHULA VISTA, CA this week is $462,450. The 260 properties have been on the market for an average of 60 days. The Market Action Index has been trending down lately, indicating demand falling along with supply.Conditions point to mildly negative trends for the market. Supply and Demand Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.

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Median Price

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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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