With only 2.4 months of inventory, Oxnard remains a seller's market. The median home price of $739,500 represents a moderate 8.0% increase from this time last year. With 2.4 months of supply, Oxnard's inventory levels remain relatively tight. Homes are taking about 46 days to sell, which is 4 days longer than this time last year. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Oxnard market with the affordability index at 29.0. Based on current market indicators, home prices in Oxnard are projected to decrease by approximately 4.7% over the next month.
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