San Diego Real Estate Market Update

San Diego Real Estate Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for change in Market Action Index (MAI). If MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Diego Real Estate market action index

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.

San Diego Real Estate Market Profile

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