San Diego, CA 92127 Market Report for the Week of November 26, 2012

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,687,500.
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
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Price
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.

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For more information about luxury single family homes in San Diego, CA , contact Lucy Kelts.