Market Action Index of homes in SARATOGA, CA. Measured on October 25 2009.
 
With a Market Action Index as of October 25 2009 at 18.22, Saratoga, CA 95070 is currently a “buyer’s market”, but the trend is moving in the direction towards a sellers market (note particularly the 90-day trend in orange from a low this past Spring and the gradual rise).
 
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.  The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. 
 
An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply.  A hot market will typically cause prices to rise. 
 
MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.”
In the case of Saratoga real estate the median price of homes on the market is rising while inventory is declining, but days on market is rising too.
 
Median Price of Saratoga Homes For Sales is on the Rise:
 
Median Price of homes in SARATOGA, CA. Measured on October 25 2009.
 
Inventory of Saratoga, CA homes for sale is decling:
 
The median single family home price as of October 25 2009 for Saratoga, CA is $1,960,568.
 
Inventory of homes in SARATOGA, CA. Measured on October 25 2009.
 
 
Days on the Market (DOM) is up in homes for sale in Saratoga, CA :
 
There are about 147 properties on the market in Saratoga, CA as of October 25 2009.
 
Days On Market of homes in SARATOGA, CA. Measured on October 25 2009.
The average property in Saratoga, CA as of October 25 2009 has been on the market for about 176 days.
 

 

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