Both prices and inventory levels are relatively unchanged in recent weeks for BENICIA, CA. The median list price this week is $409,900. The market has shown some evidence of slowing recently. Overall, we are still currently in a seller’s market. However, market conditions have been cooling in the past several weeks.
With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook. It may be safest to wait and see if the market picks up before deciding to list one’s home, giving the seller a better idea of what to expect in terms of median list price and days on market. Depending on one’s situation, buyers may also want to observe the market over the next couple of weeks in order to guage when is the correct time to make a move.
Watch the Market Action Index for changes as it can be a leading indicator for price changes. To follow the Market Action Index and other indicative housing statistics in your area simply create a free, no hassle login. By subscribing to the right or at the bottom of this page you can GAIN UNLIMITED ACCESS to gauge market conditions via user friendly, updated weekly stats and graphs such as above.