Single Family Homes – San Diego, CA 92109
Wed Aug 08 2018
This week the median list price for San Diego, CA 92109 is $1,490,000 with the market action index hovering around 38. This is less than last month’s market action index of 39. Inventory has held steady at or around 47.
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.
Slight Seller’s Advantage
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to see prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Median List Price
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Condos – San Diego, CA 92109
This week the median list price for San Diego, CA 92109 is $839,499 with the market action index hovering around 49. This is less than last month’s market action index of 52. Inventory has held steady at or around 52.
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.