Scott Ward's Market Update

Oakland, CA 94611

Single-Family Homes

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



Oakland, CA 94611

Thu Jan 17 2019
This week the median list price for Oakland, CA 94611 is $978,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has held steady at or around 13. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Oakland, CA 94611

Thu Jan 17 2019
This week the median list price for Oakland, CA 94611 is $978,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has held steady at or around 13. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $978,000
Per Square Foot $493
Days on Market 186
Price Decreased 23%
Price Increased 8%
Relisted 31%
Inventory 13
Median House Rent $4,648
Most Expensive $2,200,000
Least Expensive $625,000
Market Action Index
Strong Seller's Market
61

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
$1,699,888 3,293 0.25 - 0.5 acre 4 4 20 1 0 56
$1,295,000 2,981 8,000 - 10,000 sqft 4 3 27 0 0 119
$950,000 2,071 8,000 - 10,000 sqft 4 2 59 1 0 298
$768,500 1,216 0 - 4,500 sqft 3 2 87 0 0 250