This week in Oakley

The median list price in Oakley this week is $198,000.

The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs for the market.

real-time-market-profile-oakley

Supply and Demand

In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales
demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed.

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.

Price

Price trends in Oakley continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
price-trends-oakley

Quartiles

quartiles-oakley

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