Pick City: San Diego

San Diego - Week of July 5th, 2015

Single Family Homes

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This Week The median list price in SAN DIEGO, CA this week is $699,000. The 1679 properties have been on the market for an average of 62 days. Demand measured by the Market Action Index is increasing and dayson-market is holding steady. With more properties coming available, conditions are mildly positive. Supply and Demand The market has started cooling and prices have recently plateaued. 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

The market appears to be hovering around this plateau. Look for a persistent change 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 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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Market Action Index

The SAN DIEGO market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 41.33 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

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Data Provided by and Copyright Altos Research LLC