Your Real Estate Market Update

Burbank, CA

Single-Family Homes

Arminé Ghevian ♦ 818-389-4465 ♦ DRE: 00945233



Burbank, CA

Sun Jul 21 2019
This week the median list price for Burbank, CA is $909,250 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has held steady at or around 70. Click here to stay informed with the Burbank 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.

Burbank, CA

Sun Jul 21 2019
This week the median list price for Burbank, CA is $909,250 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has held steady at or around 70. Click here to stay informed with the Burbank 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 Burbank market.
Median List Price $909,250
Per Square Foot $566
Days on Market 52
Price Decreased 31%
Price Increased 3%
Relisted 7%
Inventory 70
Median House Rent $3,295
Most Expensive $2,225,000
Least Expensive $225,000
Market Action Index
Strong Seller's Market
57

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
$1,295,000 2,419 6,500 - 8,000 sqft 4 2 78 5 4 52
$990,000 1,900 6,500 - 8,000 sqft 3 1 78 5 1 82
$850,000 1,498 6,500 - 8,000 sqft 3 1 78 5 4 36
$674,000 1,012 4,500 - 6,500 sqft 2 0 77 5 5 38