Scott Ward's Market Update

Oakland, CA 94602

Single-Family Homes

Scott Ward Real Estate | www.scottward.me | scott@scottward.me



Oakland, CA 94602

Thu Jan 17 2019
This week the median list price for Oakland, CA 94602 is $699,900 with the market action index hovering around 58. This is less than last month's market action index of 67. Inventory has held steady at or around 9. Click here to stay informed with the Oakland 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Oakland, CA 94602

Thu Jan 17 2019
This week the median list price for Oakland, CA 94602 is $699,900 with the market action index hovering around 58. This is less than last month's market action index of 67. Inventory has held steady at or around 9. Click here to stay informed with the Oakland 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $699,900
Per Square Foot $650
Days on Market 102
Price Decreased 22%
Price Increased 0%
Relisted 22%
Inventory 9
Median House Rent $4,450
Most Expensive $3,300,000
Least Expensive $473,900
Market Action Index
Strong Seller's Market
58

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,049,500 3,211 8,000 - 10,000 sqft 3 3 46 2 0 0
$777,000 1,104 0 - 4,500 sqft 3 3 104 1 0 143
$699,450 1,378 6,500 - 8,000 sqft 3 2 111 0 0 115
$544,950 1,089 0 - 4,500 sqft 3 2 98 0 0 135