Rancho Santa Fe, CA 92091 Market Report for the Week of October 29, 2012

The median list price in RANCHO SANTA FE, CA 92091 this week is $2,697,500.
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from
there.
Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.