Thursday, January 24, 2019
By David  Fresquez
La Mesa Real Estate Market Update January 2019

La Mesa, CA

Thu Jan 24 2019 
This week the median list price for La Mesa, CA is $642,500 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 74. Click here to for more detailed information about Rancho San Diego Community

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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

 

Back
David  FresquezDavid Fresquez
Empowering The Community With Every Home Sold