The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,249,950.
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
CLICK HERE to download the full market report for the week of SAN DIEGO, CA, 92127.
For more information about single family homes in SAN DIEGO, CA contact Lucy Kelts.