Poway - Week of September 29th, 2014
Single Family Homes
This WeekThe median list price in POWAY, CA this week is $799,000. The 153 properties have been on the market for an average of 89 days.Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-marketis increasing, these are mildly positiveindications for the market. Supply and DemandThe market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again. |  |
Median Price
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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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