Scott Ward's Market Update

Oakland, CA

Single-Family Homes

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



Oakland, CA

Thu Jan 17 2019
This week the median list price for Oakland, CA is $579,000 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 213. 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Oakland, CA

Thu Jan 17 2019
This week the median list price for Oakland, CA is $579,000 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 213. 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $579,000
Per Square Foot $438
Days on Market 93
Price Decreased 27%
Price Increased 8%
Relisted 24%
Inventory 213
Median House Rent $2,995
Most Expensive $3,300,000
Least Expensive $199,000
Market Action Index
Strong Seller's Market
50

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$978,000 2,267 4,500 - 6,500 sqft 4 3 83 15 1 95
$675,000 1,601 0 - 4,500 sqft 3 2 95 10 5 121
$530,000 1,215 0 - 4,500 sqft 3 2 94 8 7 79
$399,444 993 0 - 4,500 sqft 2 1 94 10 6 76