Pat Holkesvig
Farmington, CA
Single-Family Homes
DRE No. 01393419
Farmington, CA
Mon Oct 07 2024
This week the median list price for Farmington, CA is $849,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has decreased to 1.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
In a Buyer’s market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $849,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $640 | |
| Average Days on Market | 112 | |
| Median Days on Market | 112 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 1 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $849,000 | 1,325 | 5 - 10 acres | 3 | 2 | 89 | 0 | 0 | 112 |