El Cajon - Week of August 25th, 2014
Single Family Homes
This WeekThe median list price in EL CAJON, CA this week is $499,000. The 349 properties have been on the market for an average of 77 days.Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. Supply and DemandIn the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. |  |
Median Price
Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.
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
