Scott Ward's Market Update

Oakland, CA 94608

Single-Family Homes

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



Oakland, CA 94608

Thu Jan 17 2019
This week the median list price for Oakland, CA 94608 is $864,000 with the market action index hovering around 51. This is an increase over last month's market action index of 45. Inventory has held steady at or around 12. 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

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.

Oakland, CA 94608

Thu Jan 17 2019
This week the median list price for Oakland, CA 94608 is $864,000 with the market action index hovering around 51. This is an increase over last month's market action index of 45. Inventory has held steady at or around 12. 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

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 Oakland market.
Median List Price $864,000
Per Square Foot $678
Days on Market 89
Price Decreased 33%
Price Increased 25%
Relisted 42%
Inventory 12
Median House Rent
Most Expensive $1,150,000
Least Expensive $485,000
Market Action Index
Strong Seller's Market
51

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,050,000 1,385 4,500 - 6,500 sqft 3 2 113 2 0 100
$995,000 1,264 4,500 - 6,500 sqft 3 2 126 0 0 86
$799,000 1,254 0 - 4,500 sqft 4 2 107 2 1 112
$530,000 900 0 - 4,500 sqft 2 2 109 0 0 60