DEL MAR, CA Market Report for the Week of May 13, 2013
The median list price in DEL MAR, CA this week is $2,442,500.
The Market Action Index has been climbing lately while days-on market are trending down, these point to a positive near-term outlook for the market.
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 bumped up a bit but the trend of recent weeks is generally downward. The Market Action Index is a good leading indicator for the durability of this trend.
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For more information about single family homes in DEL MAR, CA contact Maxine Gellens.