DEL MAR Market Report for the Week of July 29, 2013

News | 31st Jul 2013

The median list price in DEL MAR, CA this week is $1,957,500.Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Supply and Demand

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

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 market report for DEL MAR.

For more information about single family homes in DEL MAR, contact Maxine Gellens.

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DEL MAR Market Report for the Week of July 29, 2013