Market Watch

Agoura Hills

Oak Park

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Woodland Hills

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Woodland Hills

Woodland Hills October 2020 October 2019 % Change 2020 YTD 2019 YTD % Chg
Active Listings 188 243 -22.6% 1409 1479 -4.7%
Median List Price $986,944 $948,000 4.1% $925,000 $869,000 6.4%
New Listings 160 118 35.6% 1258 1279 -1.6%
In Escrow 110 87 26.4% 906 852 6.3%
Closed Sales 111 93 19.4% 820 779 5.3%
Median Sale Price $935,000 $845,000 10.7% $871,000 $800,000 8.9%
Days to Sell * 10 25 -60.0% 20 32 -37.5%
Absorption Rate ** 2.37 3.31 -28.4% 2.58 3.49 -26.1%

* Days to Sell & ** Absorption Rates – a lower number is better and will show a negative percentage when in fact it’s an improvement in both categories.  The above statistics are for combined Single Family & Condominium properties in each area.

HOVER OVER ANY GRAPH TO SEE THE SPECIFIC FIGURES FOR EACH MONTH.

New Listings displayed above are included in the total Active Listings count.

The Median List Price represents the very middle of the market, with exactly half of the houses priced for less and half priced for more.  The median list price is a more realistic view of the market.  The Average List Price will almost always be higher.

In Escrow figures reflect those homes placed under contract in the current month as well as those homes that may have sold in previous months that remain in escrow.  Closed Sales are homes that were recorded as sold in the current month.

The Median Sales Price is the price in the very middle of a data set, with exactly half of the houses selling for less and half selling for more.  The median sale price is a more realistic view of the market.  Average Sale Price will almost always be higher.

Sales Volume represents the total combined dollar volume of all sales for each period in the graph.

Market Time will vary depending on the price of the property.  Homes below the median price range for an area tend to sell faster than homes above the median price range.  The above graph displays the average market time for all homes selling in this area.  Market times can vary quite a bit in any market due to supply & demand.

The Absorption Rate is a measurement of the strength of any real estate market. Using the current sales rate of homes we can see how many months of inventory we have presently. Under 4 months is considered a Seller’s Market.  A Balanced Market would be a 4-6 month inventory.  More than 6 months is considered a Buyer’s Market.   Different price ranges can have different absorption rates.  This graph combines all price ranges into one.