SAN DIEGO, CA, 92127 Market Report for the Week of September 8th, 2013 (Single Family Homes)

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,088,000. 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 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.

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