RE/MAX Accord's Market Report

Piedmont, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Piedmont, CA

Sun May 26 2019
This week the median list price for Piedmont, CA is $2,247,500 with the market action index hovering around 65. This is less than last month's market action index of 66. Inventory has held steady at or around 12. Click here to stay informed with the Piedmont 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

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Piedmont, CA

Sun May 26 2019
This week the median list price for Piedmont, CA is $2,247,500 with the market action index hovering around 65. This is less than last month's market action index of 66. Inventory has held steady at or around 12. Click here to stay informed with the Piedmont 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

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Piedmont market.
Median List Price $2,247,500
Per Square Foot $818
Days on Market 23
Price Decreased 25%
Price Increased 8%
Relisted 8%
Inventory 12
Median House Rent
Most Expensive $6,800,000
Least Expensive $1,399,000
Market Action Index
Strong Seller's Market
65

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$3,450,000 4,175 8,000 - 10,000 sqft 5 4 83 0 1 21
$2,650,000 3,462 4,500 - 6,500 sqft 4 4 94 1 0 30
$1,895,000 3,068 6,500 - 8,000 sqft 4 3 41 0 1 25
$1,550,000 1,698 0 - 4,500 sqft 3 2 93 1 2 18