Wednesday, November 5, 2014

San Diego Snap Shot for November

SAN DIEGO - Week of November 2nd, 2014

Single Family Homes




This Week

The median list price in SAN DIEGO,
CA this week is $622,000. The 2064
properties have been on the market
for an average of 74 days.

Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Supply and Demand

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.




Median Price



The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

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