Torrey Highlands Real Estate Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Take a look at the market profile below for an even more detailed view of what is happening in the San Diego real estate market.
Torrey Highlands Real Estate Market Profile
The median list price in San Diego, CA 92129 this week is $749,500. The 70 properties have been on the market for an average of 66 days.
Demand measured by the Market Action Index is increasing and days- on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Do you want to know how the latest in the San Diego real estate market affects the value of your home? Your home may be worth more than you think… and it only takes 30 seconds to find out! Visit http://www.sandiegoexperts.com/your-home-worth/ for a free, instant home value report.