The median list price in RANCHO SANTA FE, CA 92091 this week is $2,895,000. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Again this week in this zip code we see a downward notch form prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
CLICK HERE to download the full market report for RANCHO SANTA FE, CA 92091.
For more information about single family homes in RANCHO SANTA FE, CA contact Lucy Kelts.