Real Time Newhall Real Estate Market Update for the Week of February 24, 2014
The median list price in NEWHALL, CA this week is $576,900.Inventory is up and Market Action is trending down recently. While days on market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
Price
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Thinking About Selling?
If
you're thinking about selling your Newhall home, right now is a
great time to sell before we enter into the full swing of the summer
selling season. The Ricco Sells Homes Team has qualified buyers looking
to live in your Newhall neighborhood, we would like the
opportunity to earn your business.
Stay up to date with our Newhall real estate market reports. Request your free real time market report for single family homes or condo's in Newhall.
Jennifer and Gary Ricco, the Ricco Sells Homes Team
RE/MAX of Santa Clarita of Santa Clarita
661.803.2093 cell
866.873.6403 fax
www.RiccoSellsHomes.com
LA Daily News Readers Favorite Realtor Choice 2010, 2011, 2012 and 2013
www.RiccoSellsHomes.com
LA Daily News Readers Favorite Realtor Choice 2010, 2011, 2012 and 2013
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