San Diego, CA 92127 Market Report for the Week of January 7, 2013

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,699,000.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
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. Keep an eye on the Market Action Index for a leading indicator of the duration of this downtrend.
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For more information about luxury single family homes in San Diego, CA , contact Lucy Kelts.