The median list price in PLEASANT HILL, CA this week is $583,500. Good news here folks, the market continues to get hotter! More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their upwarding trend.
One can see below that their is an inverse relationship between median price and average days on market. As price of homes trends upward, along with a tightening of inventory, average days on market plummets. Therefore, what we have is a seller’s market meaning the advantage goes to sellers listing their homes on the market. The current and ongoing trend indicates we shall remain in a seller’s market with increasing prices for homes.
We’re a long way from the market’s price high-point so watch the Market Action Index or MAI as an indicator of how long this upward trend will last. To follow these important market trends such as MAI 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 to immediately GAIN UNLIMITED ACCESS!