The median list price in RANCHO SANTA FE, CA 92091 this week is $3,195,000
The Market Action Index has been trending down recently, but as days-on-market decreases also, there are not strong signals for the direction of the market.
Supply and Demand
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Price
Again this week in this zip code we see a downward notch for 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.
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For more information about single family homes in Rancho Santa Fe, CA, contact Lucy Kelts.
