Torrey Del Mar 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 Del Mar Real Estate Market Profile
The median list price in San Diego, CA 92130 this week is $1,475,000. The 129 properties have been on the market for an average of 121 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
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