This week the medium list price for San Diego, Carmel Valley 92130 is $1,299,000.
Inventory is tightening and days- on-market is falling. The Market Action Index (MAI) shows demand heating up. These are relatively bullish signs for the Carmel Valley real estate market.
SUPPLY AND DEMAND
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in a Seller’s zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Carmel Valley home prices seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices deviate from these levels.
MAI (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 Carmel Valley homes for sale. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.
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