Pick City: El Cajon

El Cajon - Week of December 29th, 2014

Single Family Homes

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This Week The median list price in EL CAJON, CA this week is $499,900. The 278 properties have been on the market for an average of 98 days. Inventory has been decreasing lately but the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negative implications for the market. Supply and Demand Home 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.

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Median Price

Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. 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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

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Data Provided by and Copyright Altos Research LLC

Pick City: El Cajon

El Cajon - Week of August 25th, 2014

Single Family Homes

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This Week The median list price in EL CAJON, CA this week is $499,000. The 349 properties have been on the market for an average of 77 days. Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. 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

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 relatively steady around these levels in recent weeks.

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Data Provided by and Copyright Altos Research LLC