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.
Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
CLICK HERE to download the full market report for SAN DIEGO, CA, 92127.
For more information about single family homes in SAN DIEGO, CA, contact Lucy Kelts.