Your Real Estate Market Update

Montrose, CA

Single-Family Homes

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



Current active inventory in Montrose, CA is very low. Keep this in mind when looking at this report.

Montrose, CA

Wed Oct 24 2018
This week the median list price for Montrose, CA is $728,900 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 2. Click here to stay informed with the Montrose 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

Slight Seller's Advantage

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.

Montrose, CA

Wed Oct 24 2018
This week the median list price for Montrose, CA is $728,900 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 2. Click here to stay informed with the Montrose 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

Slight Seller's Advantage

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 Montrose market.
Median List Price $728,900
Per Square Foot $744
Days on Market 105
Price Decreased 100%
Price Increased 0%
Relisted 50%
Inventory 2
Median House Rent
Most Expensive $928,800
Least Expensive $529,000
Market Action Index
Slight Seller's Advantage
40

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
$NaN NaN N/A NaN NaN NaN NaN NaN NaN
$728,900 1,122 6,500 - 8,000 sqft 2 1 85 0 0 105
$928,800 1,680 6,500 - 8,000 sqft 4 1 95 0 0 147
$529,000 564 4,500 - 6,500 sqft 1 0 76 0 0 63