The median list price in Rancho Santa Fe, CA 92067 is $3,236,500.
Even though the days-on-market is trending higher, so is the Market Action Index (MAI) at these inventory levels, providing a neutral outlook for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
The MAI has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see a downward pressure on pricing. If you’re considering purchasing property in Rancho Santa Fe now may be an excellent time!
Rancho Santa Fe real estate prices seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices move from these levels.
MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Rancho Santa Fe home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.