Homes and Real Estate for Sale in Northridge CA
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Northridge Homes and Condo Market Update

 

 

Single Family Homes Market Update for Northridge, CA


Wed Oct 04 2017


This week the median list price for Northridge, CA is $750,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 81. 
 

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
1000441000

 

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

 

Real-Time Market Profile

Never miss important changes in the Northridge market.
Median List Price
$750,000
Per Square Foot
$327
Days on Market
88
Price Decreased
49%
Price Increased
4%
Relisted
12%
Inventory
81
Most Expensive   $2,650,000
Least Expensive   $399,000
Market Action Index 
Slight Seller's Advantage
44
Avg 7-DayAvg 90-DayOct 2014Dec 2014Feb 2015May 2015Jul 2015Sep 2015Dec 2015Feb 2016Apr 2016Jul 2016Sep 2016Nov 2016Jan 2017Apr 2017Jun 2017Aug 2017$550K$600K$650K$700K$750K$800K$850KFriday, Apr 15, 2016 Avg 90-Day: $700,726




The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.



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