RE/MAX Accord's Market Report

Albany, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Albany, CA

Thu Feb 21 2019
This week the median list price for Albany, CA is $1,350,000 with the market action index hovering around 50. This is less than last month's market action index of 63. Inventory has held steady at or around 5. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Albany, CA

Thu Feb 21 2019
This week the median list price for Albany, CA is $1,350,000 with the market action index hovering around 50. This is less than last month's market action index of 63. Inventory has held steady at or around 5. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Albany market.
Median List Price $1,350,000
Per Square Foot $809
Days on Market 51
Price Decreased 20%
Price Increased 0%
Relisted 20%
Inventory 5
Median House Rent $4,125
Most Expensive $1,575,000
Least Expensive $849,000
Market Action Index
Strong Seller's Market
50

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$1,575,000 1,755 0 - 4,500 sqft 3 2 NaN 1 0 0
$1,375,000 1,560 0 - 4,500 sqft 4 3 84 0 0 105
$1,350,000 2,028 0 - 4,500 sqft 3 3 35 0 0 21
$923,500 1,450 0 - 4,500 sqft 3 2 65 0 1 66