IRVINE - Week of December 21st, 2014
Single Family Homes
This WeekThe median list price in IRVINE, CA this week is $1,097,040. The 207 properties have been on the market for an average of 104 days.Inventory is tightening and days-on market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data. Supply and DemandThe market has started cooling and prices have been flat for several weeks. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. |  |
Median Price
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
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.
Want this information for any city in Southern California? Subscribe for a free weekly report!
Select your area below:
Data Provided by and Copyright Altos Research LLC
