Pick City: San Marcos

San Marcos - Week of January 27th, 2013

Single Family Homes

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This Week The median list price in SAN MARCOS, CA this week is $599,900. The 126 properties have been on the market for an average of 78 days. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing,these are relatively negative implications for the market. Supply and Demand Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.

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Median Price

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.

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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