Mission Viejo - Week of June 1st
Single Family Homes
This WeekThe median list price in MISSION VIEJO, CA this week is $729,750. The 160 properties have been on the market for an average of 55 days.Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit. 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
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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.
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
