RE/MAX Accord's Market Report

Berkeley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Berkeley, CA

Thu Feb 21 2019
This week the median list price for Berkeley, CA is $1,022,500 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has held steady at or around 44. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Thu Feb 21 2019
This week the median list price for Berkeley, CA is $1,022,500 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has held steady at or around 44. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,022,500
Per Square Foot $713
Days on Market 59
Price Decreased 30%
Price Increased 9%
Relisted 20%
Inventory 44
Median House Rent $3,648
Most Expensive $6,990,000
Least Expensive $675,000
Market Action Index
Strong Seller's Market
55

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,899,000 2,462 4,500 - 6,500 sqft 4 3 93 3 2 91
$1,395,000 1,755 4,500 - 6,500 sqft 3 2 83 4 3 57
$950,000 1,581 4,500 - 6,500 sqft 3 2 89 2 3 54
$795,000 1,012 0 - 4,500 sqft 2 2 99 3 1 33