Metropolitan Statistical Area (MSA):
Madera, CA is a Metropolitan Statistical Area (MSA) comprising counties including .
There are many real estate trends in the housing market that comprises the Madera, CA metropolitan statistical area (aka MSA). The following is a list of some of these trends:
1. The average home price in the Madera, CA MSA has increased by 5.3% over the past year, and is predicted to rise another 3.5% over the next twelve months. This is good news for sellers, as they can expect to see a healthy return on their investment. However, it may pricing some buyers out of the market.
2. The number of homes sold in the Madera, CA MSA has decreased by 2.8% over the past year. This trend is expected to continue in the short-term as buyers remain cautious in light of rising prices and concerns about the future direction of the housing market.
3. The inventory of homes for sale in the Madera, CA MSA has decreased by 9.2% over the past year. This trend is likely to continue as sellers are reluctant to put their homes on the market unless they are confident they will be able to find a replacement property at a similar price point.
4. The average days on market for homes sold in the Madera, CA MSA has increased by 4 days over the past year, from 64 days to 68 days . This trend indicates that it is taking longer for homes to sell in this market than it was previously – another sign that buyers are being more cautious about making purchase decisions.