Scott Ward's Market Update

Oakland, CA 94610

Single-Family Homes

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



Oakland, CA 94610

Thu Jan 17 2019
This week the median list price for Oakland, CA 94610 is $1,222,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 6. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Oakland, CA 94610

Thu Jan 17 2019
This week the median list price for Oakland, CA 94610 is $1,222,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 6. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $1,222,000
Per Square Foot $465
Days on Market 108
Price Decreased 50%
Price Increased 17%
Relisted 33%
Inventory 6
Median House Rent $5,500
Most Expensive $1,985,000
Least Expensive $899,000
Market Action Index
Strong Seller's Market
54

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
$1,985,000 3,100 8,000 - 10,000 sqft 5 3 105 0 0 196
$1,499,999 3,105 6,500 - 8,000 sqft 4 4 103 1 0 0
$1,222,000 2,865 4,500 - 6,500 sqft 4 2 92 1 0 101
$997,000 2,026 4,500 - 6,500 sqft 3 2 100 0 0 126