San Diego Real Estate Market Update
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the Market Action Index (below). If the market heats up persistently, prices are likely to resume an upward climb.
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.
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