Fri Dec 06 2019
This week the median list price for Montrose, CA is $943,500 with the market action index hovering around 33. This is less than last month's market action index of 43. Inventory has held steady at or around 4.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$943,500|
|Per Square Foot||$570|
|Days on Market||21|
|Slight Seller's Advantage|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,100,000||1,792||8,000 - 10,000 sqft||3||0||66||0||0||14|
|$989,000||2,099||6,500 - 8,000 sqft||4||2||74||0||0||14|
|$898,000||1,080||6,500 - 8,000 sqft||4||1||70||0||0||56|
|$780,000||1,479||6,500 - 8,000 sqft||3||0||64||1||0||0|