Del Mar, CA Market Report for the Week of November 5, 2012

The median list price in DEL MAR, CA this week is $2,288,000.

Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

Supply and Demand

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Price

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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For more information about Del Mar, CA Single Family Homes, contact Maxine & Marti Gellens