The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,724,944.
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
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
CLICK HERE to download the full market report for SAN DIEGO, CA 92127 – Rancho Bernardo.
For more information about single luxury family homes, contact Lucy Kelts.