The median list price in Rancho Santa Fe, CA 92067 is $3,195,000.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
Rancho Santa Fe home sales have begun exceeding new inventory for several weeks. Since this is a buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trend continues, the market moves into a seller’s zone, and we are likely to see upward pressure on pricing.
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.
For additional information please call Chris & Kyle at (858) 213-9999. Thank you!