San Diego, CA 92127 Market Report for the Week of November 5, 2012

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $799,000.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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For more information about luxury single family homes in San Diego, CA , contact Lucy Kelts.