Pick City: Rancho Santa Margarita

Rancho Santa Margarita - Week of April 20th, 2014

Single Family Homes

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This Week The median list price in RANCHO SANTA MARGARITA, CA this week is $699,450. The 54 properties have been on the market for an average of 45 days. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market. Supply and Demand The market has started cooling and prices have been flat for several weeks. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.

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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 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.

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Data Provided by and Copyright Altos Research LLC