Tue May 11 2021
This week the median list price for Burbank, CA is $1,177,000 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has increased to 56.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,177,000|
|Median Price of New Listings||$1,179,971|
|Per Square Foot||$706|
|Average Days on Market||31|
|Median Days on Market||7|
|Slight Seller's Advantage|
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,047,000||3,020||8,000 - 10,000 sqft||4||4||59||4||1||14|
|$1,299,500||1,917||6,500 - 8,000 sqft||3||2||78||6||4||7|
|$969,500||1,369||6,500 - 8,000 sqft||3||2||83||7||4||3|
|$817,000||1,016||4,500 - 6,500 sqft||2||1||81||0||2||14|