DEL MAR, CA Market Report for the Week of May 6, 2013
The median list price in DEL MAR, CA this week is $2,195,000.
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 because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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.