The median list price in DEL MAR, CA this week is $2,488,000. Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
Supply and Demand
In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
to download the full market report for DEL MAR, CA.
For more information about single family homes in DEL MAR, CA, contact Maxine Gellens