The Thousand Oaks Short Sale market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.
Market View for Thousand Oaks
for week ending May 07 -4.3%
Feb '14 - May '14 +9.3%
|Average Listing Price|
|Median Sales Price|
|Number of Sales|
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Thanks for reading this,
Chris B Johnson.
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
Certified HAFA Specialist Certified Distressed Property Expert Certified Short Sale Negotiator.
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