Del Mar, CA Market Report for August 1st, 2012
The median list price in DEL MAR, CA this week is $1,960,000.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Price
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
CLICK HERE to download the full Del Mar Single Family Homes Market Report.
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Low inventory with high buyer demand makes for rising home
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San Diego home prices going up 3rd fastest in nation at rates not seen since 2014
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