Mon Oct 15 2018
This week the median list price for Santa Rosa, CA 95404 is $749,250 with the market action index hovering around 32. (Below 30, conditions favor the buyer.) This is less than last month's market action index of 33. Inventory has held steady at or around 120.
Slight Seller's Advantage
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI (Market Action Index) before price stability is achieved.