The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,149,000. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
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 expecially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.