This week the median list price for Yucca Valley, CA is $372,900 with the Market Action Index (MAI) hovering around 58. This is an increase over last month's market action index of 57. Inventory has held steady at or around 67.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Median List Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Inventory
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
Our challenge: Historical low inventory of homes for sale.
With high demand, record low interest rates and buyer ability to work remotely has escalated demand.
Have you considered selling a home in Yucca Valley?
Give us a call and let us provide you a FREE no obligation market evaluation. You may be surprised what your house is worth today. You may decide not to sell and instead refinance at incredibly low interest rates. We look forward to being of service.