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.
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
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.