RE/MAX Accord's Market Report

Berkeley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!


Berkeley, CA

Wed Oct 24 2018
This week the median list price for Berkeley, CA is $1,099,500 with the market action index hovering around 58. This is less than last month's market action index of 61. Inventory has held steady at or around 82. Click here to stay informed with the Berkeley 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.

Berkeley, CA

Wed Oct 24 2018
This week the median list price for Berkeley, CA is $1,099,500 with the market action index hovering around 58. This is less than last month's market action index of 61. Inventory has held steady at or around 82. Click here to stay informed with the Berkeley 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 Berkeley market.
Median List Price $1,099,500
Per Square Foot $639
Days on Market 42
Price Decreased 20%
Price Increased 5%
Relisted 13%
Inventory 82
Median House Rent $3,773
Most Expensive $6,990,000
Least Expensive $500,000
Market Action Index
Strong Seller's Market 		58

The market seems to have paused around this plateau. 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
$2,322,000 4,066 8,000 - 10,000 sqft 4 3 96 3 2 89
$1,322,000 2,099 4,500 - 6,500 sqft 4 3 82 1 2 30
$995,000 1,784 4,500 - 6,500 sqft 3 2 89 4 3 31
$795,000 1,244 0 - 4,500 sqft 3 2 97 6 5 21