Santee - Week of May 3rd, 2015
Single Family Homes
This WeekThe median list price in SANTEE, CA this week is $450,000. The 59 properties have been on the market for an average of 56 days.The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market. Supply and DemandHome 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. |  |
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.
Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
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Data Provided by and Copyright Altos Research LLC
