Del Mar, CA, Market Report for the Week of February 3, 2013
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 prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Again this week we see a downward notch for prices. Prices
continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
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For more information on luxury single family homes in DEL MAR, CA contact Maxine Gellens.