The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,422,500.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
CLICK HERE to download the full market report for SAN DIEGO, CA 92127.
For more information about single family homes in San Diego, contact Lucy Kelts.