RE/MAX Accord's Market Report

Albany, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Albany, CA

Mon Apr 22 2019
This week the median list price for Albany, CA is $899,000 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has held steady at or around 9. Click here to stay informed with the Albany market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Albany, CA

Mon Apr 22 2019
This week the median list price for Albany, CA is $899,000 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has held steady at or around 9. Click here to stay informed with the Albany market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Albany market.
Median List Price $899,000
Per Square Foot $621
Days on Market 41
Price Decreased 11%
Price Increased 11%
Relisted 11%
Inventory 9
Median House Rent $2,790
Most Expensive $1,375,000
Least Expensive $749,000
Market Action Index
Strong Seller's Market
51

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,312,500 1,794 0 - 4,500 sqft 3 3 59 0 0 126
$1,099,000 1,822 0 - 4,500 sqft 3 2 75 1 1 45
$898,500 1,272 0 - 4,500 sqft 2 2 91 0 1 7
$799,000 1,021 0 - 4,500 sqft 2 1 97 1 0 4