The median list price in DEL MAR, CA this week is $1,995,000.Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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For more information about single family homes in DEL MAR, CA contact Maxine Gellens