The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,399,500.
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
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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For more information about single family homes in San Diego,CA contact Lucy Kelts.