Tuesday, September 4, 2018
By David  Fresquez
Market Update 2018: Chula Vista East Lake 91915

El Cajon, CA 92019

Tue Sep 04 2018 
This week the median list price for El Cajon, CA 92019 is $684,999 with the market action index hovering around 45. This is less than last month's market action index of 47. 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

100045

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

 

Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

 

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