Market Overview
The Tarzana market leans towards sellers, with a Market Action Index hovering around 44. This indicates a stronger seller's advantage compared to last month's index of 40. Inventory has also seen a slight increase to 42 homes.
Market Trends
- Strong Seller's Market: Home sales are outpacing available properties, and the Market Action Index has been steadily rising for weeks. This trend suggests potential upward pressure on prices in the near future.
- Inventory: While inventory has increased slightly, it remains relatively low.
- Prices: The median list price sits at $2,597,500, and prices appear to be holding steady compared to recent weeks.
Market Data
This report offers various data points to understand the current market climate:
- Median List Price: This represents the middle price point of all currently listed homes. (Data not provided in this report, consider adding a disclaimer about data currency).
- Price per Square Foot: This metric provides an idea of pricing based on home size. (Data not provided in this report, consider adding a disclaimer about data currency).
- Days on Market: This reflects how long a property typically stays on the market before selling. (Data not provided in this report, consider adding a disclaimer about data currency).
- Price Movement: The report may include insights into how asking prices are shifting, such as percentages of homes with price decreases, increases, or relistings. (Data not provided in this report, consider adding a disclaimer about data currency).
- Rental Market: The median rent for properties in Tarzana. (Data not provided in this report, consider adding a disclaimer about data currency).
Market Segments
The report might delve deeper by providing details on various property segments within the zip code. This breakdown helps potential buyers and sellers understand the different property types available in Tarzana. The data could range from luxury estates exceeding $5 million to properties under $2 million.
Summary
The Tarzana real estate market is a strong seller's market. With low inventory and increasing demand, sellers hold the upper hand. While home prices haven't shown significant movement recently, a persistent rise in the Market Action Index could indicate an upward trend in the near future. This update equips you with the latest market information to make informed real estate decisions in Tarzana.
Data: Tarzana, CA 91356
