Fri Mar 05 2021
This week the median list price for Somerset, CA is $679,000 with the market action index hovering around 54. This is an increase over last month's market action index of 49. Inventory has held steady at or around 5.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$679,000|
|Per Square Foot||$232|
|Days on Market||112|
|Strong Seller's Market|
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$689,900||3,423||1 - 2.5 acres||3||3||29||0||0||112|
|$679,000||2,161||5 - 10 acres||3||2||25||0||0||147|
|$450,000||1,968||10 - 20 acres||2||2||47||0||0||94|