DEL MAR, CA Market Report for the Week of August 10, 2013
The median list price in DEL MAR, CA this week is $1,950,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
CLICK HERE to download the full market report for DEL MAR, CA.
For more information about single family homes in DEL MAR, CA contact Maxine Gellens.
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