Pick City: El Cajon

El Cajon - Week of March 3rd, 2014

Single Family Homes

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This Week The median list price in EL CAJON, CA this week is $499,000. The 236 properties have been on the market for an average of 79 days. Inventory and days-on-market are both trending higher recently.However, the improving Market Action Index implies some increased demand will temper the negative trends. Supply and Demand In 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.

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Median Price

The market seems to have paused around its high point. 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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Data Provided by and Copyright Altos Research LLC