San Diego, CA 92127 Market Report for the Week of December 10, 2012

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,735,000.
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Supply and Demand
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Price
Despite this week’s down tic, price trends in this zip code have generally been moving up lately. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend.
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For more information about luxury single family homes in San Diego, CA , contact Lucy Kelts.

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