Castaic Homes and Condos Market Update

Single Family Home Market Update for
Castaic, CA

Wed May 31 2017 
This week the median list price for Castaic, CA is $579,000 with the market action index hovering around 56. This is an increase over last month's market action index of 51. Inventory has decreased to 64. Stay informed with the Castaic market!

Market Action Index

The 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
10005610001000

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

 

Real-Time Market Profile

Never miss important changes in the Castaic market.
Median List Price
$579,000
Per Square Foot
$268
Days on Market
66
Price Decreased
19%
Price Increased
5%
Relisted
8%
Inventory
64
Most Expensive   $2,250,000
Least Expensive   $320,000
Market Action Index 
Strong Seller's Market
56
Avg 7-DayAvg 90-DayMay 2014Oct 2014Mar 2015Jul 2015Dec 2015Apr 2016Sep 2016Feb 2017$100K$150K$200K$250K$300K$350K$400K$450K$500KFriday, Jan 8, 2016 Avg 7-Day: $384,450

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.


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