The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,299,000.
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
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
CLICK HERE to download the full market report for SAN DIEGO, CA 92127 – Rancho Bernardo.
For more information about single family homes in SAN DIEGO, CA 92127 – Rancho Bernardo, contact Lucy Kelts.