Pick City: Ramona

Ramona - Week of June 14th, 2015

Single Family Homes

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This Week The median list price in RAMONA, CA this week is $505,000. The 149 properties have been on the market for an average of 87 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 started cooling and prices have recently plateaued. 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.

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Median Price

Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.

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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 RAMONA market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 37.72 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