Real Estate 680 Market Update for Concord

As total inventory goes down for Concord, CA so does the average days on market, a trend indicated by the basic law of supply and demand. This week the median list price is $315,000. The 81 properties have been on the market for an average of 50 days, trending downward by aproximately 30 days from the beginning of June! Inventory is tightening and days-on-market is falling, maintaining an upward trend in the Market Action Index. Following the Market Action Index will provide key insight for when it is ideal to buy or sell your home.

 

Real Estate Market Chart by Altos Research www.altosresearch.com

 

The Concord market is currently in the Seller’s Advantage zone. The 90-day Market Action Index indicates that demand for homes is strong and available supply  gets snatched up relatively quickly. As one can see, all segments in the market are showing high levels of…

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