What's Happening in the Eastlake Real Estate Market

February 19, 2010 Report

This week in Eastlake

The median single family home price in CHULA VISTA 91915 this week is $399,000.

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

PRICE
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

INVENTORY
Inventory has been climbing lately with 121 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index to gauge whether buyer interest is keeping up with available supply.


MARKET ACTION INDEX
The CHULA VISTA 91915 market is currently in the 'Buyer's Market' zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25 so buyers should expect find reasonable levels of selection.

DAYS ON MARKET
The properties have been on the market for an average of 125 days. Half of the listings have come newly on the market in the past 91 or so days. Watch the 90- day DOM trend for signals of a changing market.

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