Deasy Penner Podley's Market Report

Burbank, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



Burbank, CA

Wed May 27 2020
This week the median list price for Burbank, CA is $1,165,000 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has held steady at or around 55. Click here to stay informed with the Burbank market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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.

Burbank, CA

Wed May 27 2020
This week the median list price for Burbank, CA is $1,165,000 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has held steady at or around 55. Click here to stay informed with the Burbank market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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 Burbank market.
Median List Price $1,165,000
Per Square Foot $621
Days on Market 49
Price Decreased 31%
Price Increased 9%
Relisted 11%
Inventory 55
Median Rent $3,950
Most Expensive $2,999,950
Least Expensive $689,000
Market Action 50
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,850,000 2,931 8,000 - 10,000 sqft 4 4 61 1 1 45
$1,258,500 2,068 6,500 - 8,000 sqft 3 3 73 3 3 69
$959,777 1,814 6,500 - 8,000 sqft 3 2 79 5 5 43
$789,500 1,156 4,500 - 6,500 sqft 3 2 79 4 2 38