Del Mar, CA Market Report for Second Half of September, 2012
The median list price in DEL MAR, CA this week is $2,122,500.
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.
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 Del Mar, CA Single Family Homes, contact Maxine & Marti Gellens