Del Mar, CA Market Report for the Week of November 12, 2012
The median list price in DEL MAR, CA this week is $2,250,000.
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Supply and Demand
The market has settled in at a relative stasis in inventory and sales conditions. It’s a Buyer’s market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Price
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
CLICK HERE to download the full Del Mar, CA Market Report.
For more information about Del Mar, CA Single Family Homes, contact Maxine & Marti Gellens
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