Pick City: Lakeside

Lakeside - Week of June 21st, 2015

Single Family Homes

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This Week The median list price in LAKESIDE, CA this week is $499,000. The 83 properties have been on the market for an average of 69 days. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market. Supply and Demand The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure.

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Median Price

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.

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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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Market Action Index

The LAKESIDE market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 43.40 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

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Data Provided by and Copyright Altos Research LLC