San Diego - Week of February 10th, 2014
Single Family Homes
This WeekThe median list price in SAN DIEGO, CA this week is $590,000. The 1315 properties have been on the market for an average of 84 days.With inventory trending up but days on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull. Supply and DemandHome sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. |
Median Price
The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.Want this information for any city in Southern California? Subscribe for a free weekly report!
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