Del Mar, CA, Market report for the Week of January 14, 2013

Del Mar Community, News | 19th Jan 2013

The median list price in DEL MAR, CA this week is $2,614,950.

Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

Supply and Demand

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Price

This week’s bump in median price bucks the recent downward trend. The Market Action Index is a good leading indicator for whether this change establishes a trend.

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For more information about Del Mar real estate and homes, CLICK HERE to speak with Maxine Gellens.

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Del Mar, CA, Market report for the Week of January 14, 2013