The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,344,000.
The Market Action index has been trending down lately, while
days-on-market is climbing, providing mostly bearish signs 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.
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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For more information about single family homes in SAN DIEGO, CA contact Lucy Kelts.