The single family homes median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,797,000.
The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.
Supply and Demand
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s highwater mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.