Del Sur/ 4S Ranch Real Estate Market Update
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We’re currently in a Seller’s market so process will likely resume their climb should this trend persist.
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 92127 real estate market.
Del Sur/4S Ranch Real Estate Market Profile
The median list price in San Deigo, CA 92127 – Rancho Bernardo this week is $1,397,900. The 161 properties have been on the market for an average of 95 days.
The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.
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