Pick City: Rancho Santa Margarita

Rancho Santa Margarita - Week of January 13th, 2014

Single Family Homes

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This Week The median list price in RANCHO SANTA MARGARITA, CA this week is $674,900. The 25 properties have been on the market for an average of 78 days. 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 The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

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Median Price

The market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

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Data Provided by and Copyright Altos Research LLC