San Diego, CA 92127 Market Report for the Week of October 8, 2012

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $778,990.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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For more information about luxury single family homes in San Diego, CA , contact Lucy Kelts.