CHULA VISTA - Week of January 19th, 2015
Single Family Homes
This WeekThe median list price in CHULA VISTA, CA this week is $482,500. The 242 properties have been on the market for an average of 64 days.Inventory has been tightening and days-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions. 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
Prices are climbing and we're nearing the market's all time high so watch the Market Action Index as an indicator of how long this trend will last.
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
