San Diego, CA 92127 Market Report for August, 2012

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $795,500.
With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.
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.
Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Click here to download the full market report for San Diego, CA 92127.
For more information regarding San Diego luxury homes, contact Lucy Kelts