Scott Ward's Market Update

Oakland, CA 94618

Single-Family Homes

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



Oakland, CA 94618

Thu Jan 17 2019
This week the median list price for Oakland, CA 94618 is $1,339,500 with the market action index hovering around 68. This is less than last month's market action index of 76. Inventory has held steady at or around 4. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Oakland, CA 94618

Thu Jan 17 2019
This week the median list price for Oakland, CA 94618 is $1,339,500 with the market action index hovering around 68. This is less than last month's market action index of 76. Inventory has held steady at or around 4. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $1,339,500
Per Square Foot $606
Days on Market 22
Price Decreased 0%
Price Increased 0%
Relisted 25%
Inventory 4
Median House Rent $2,725
Most Expensive $2,200,000
Least Expensive $486,000
Market Action Index
Strong Seller's Market
68

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,200,000 4,031 8,000 - 10,000 sqft 4 3 88 1 0 0
$1,780,000 2,553 8,000 - 10,000 sqft 3 3 25 0 0 21
$899,000 1,723 0 - 4,500 sqft 4 3 99 0 0 28
$486,000 728 0.5 - 1 acre 4 1 22 0 0 42