Perris, CAWed Jun 06 2018
This week the median list price for Perris, CA is $359,900 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 183.Click here to stay informed with the Perris market! Market Action IndexThe 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. Strong Seller's Market The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 ProfileNever miss important changes in the Perris market. Median List Price$359,900 Per Square Foot$182 Days on Market76 Price Decreased30% Price Increased9% Relisted9% Inventory183 Median House Rent$1,825 Most Expensive$1,250,000 Least Expensive$134,999 Market Action Index Strong Seller's Market54 Avg 7-DayAvg 90-DayJun 2015Aug 2015Nov 2015Jan 2016Apr 2016Jul 2016Sep 2016Dec 2016Feb 2017May 2017Jul 2017Oct 2017Dec 2017Mar 2018Jun2018$260K$280K$300K$320K$340K$360K$380KFriday, Sep 16, 2016● Avg 7-Day: $310,000The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. Market SegmentsEach segment below represents approximately 25% of the market ordered by price. Median Price Sq. Ft Lot size Bedroom Bath $625,000 3,053 1 -2.5 acres 4 3 $388,000 2,600 8,000 -10,000 sqft 4 2 $340,000 1,920 6,500 -8,000 sqft 4 2 $275,000 1,440 6,500 -8,000 sqft 3 2
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July 2018
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