Carlsbad - Week of July 14th, 2014
Single Family Homes
This WeekThe median list price in CARLSBAD, CA this week is $899,000. The 331 properties have been on the market for an average of 74 days.With inventory trending up but days-on-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull. Supply and DemandThe market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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. |
Median Price
The market seems to be pulling back from its high-point. This week prices remained basically flat. The Market Action Index is a good leading indicator for the direction prices move from here.
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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