Menifee, CA
Mon Jul 09 2018 This week the median list price for Menifee, CA is $414,990 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 213.Click here to stay informed with the Menifee 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. Today Last Month 100046 Strong Seller's Market The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s 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 Menifee market. Median List Price$414,990 Per Square Foot$176 Days on Market44 Price Decreased46% Price Increased6% Relisted5% Inventory213 Median House Rent$2,025 Most Expensive$3,200,000 Least Expensive$218,000 Market Action Index Strong Seller's Market46 Market SegmentsClick and drag in the plot area to zoom in. Avg 7-DayAvg 90-DayJul 2015Oct 2015Dec 2015Mar 2016May 2016Aug 2016Oct 2016Jan 2017Mar 2017Jun 2017Aug 2017Nov 2017Jan 2018Apr 2018Jul2018$320K$340K$360K$380K$400K$420K$440KFriday, Dec 23, 2016● Avg 7-Day: $389,700The 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 PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM $499,0003,1028,000 - 10,000 sqft43123455 $429,9002,5376,500 - 8,000 sqft4277550 $399,5002,3376,500 - 8,000 sqft42129434 $365,0001,7514,500 - 6,500 sqft321
0 Comments
Leave a Reply. |
Heritage Home RealtyAny updates on properties will be on this page. Leave us feedback!
July 2018
|