The median single family home price for real estate in Cardiff (92007) this week is $1,189,000.  The inventory has been decreasing lately, but the Market Action index which indicates conditions favoring Buyers vs. Sellers has been falling also. With days on the market continually climbing, these are all relatively negative implications for Cardiff’s real estate market.

Prices in the Cardiff real estate market have been non a downward trend lately, and this first week of August, while prices have been essentially flat, does not change that cycle. This can be very good news for buyers who want to buy real estate in Cardiff with its great walkability, shopping, restaturants, and great schools, but not good news for sellers who want to sell their Cardiff homes.

Local conditions in Cardiff real estate are very strong for buyers. With several months of inventory available at the current sales rate, buyers should find a good supply of homes to choose from in their price range. The 90-Day Market Index is at 14. If the Index is above 30, it favors the Seller, and if it is below 30, it favors the Buyer.

August continues to be a great time to buy real estate in Cardiff. Before the kids go back to school, sellers want to get their homes into escrow, and buyers should be ready to make a move.

This entry was posted on Saturday, August 8th, 2009 at 7:56 pm and is filed under Cardiff Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.