Real Estate 680 Market Update for PLEASANT HILL

As Total Inventory of listed homes decreases here in PLEASANT HILL, the Average Days on Market has been increasing. The median list price this week is $524,450. One can factor in the inverse relationship of decreasing inventory with days on market climbing to deduce that overall market action is decreasing. These statistics have relatively negative implications for the market, which has been consistently cooling in the past several weeks.

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

On a more positive note, the Market Action Index or MAI indicates demand for homes is strong in Pleasant Hill. This may account for the low inventory we are experiencing as properties tend to get bought up quickly. Market conditions can be characterized simply by analyzing …

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