The median list price in Rancho Santa Fe, CA 92067 is $3,100,000.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing,. These trends imply a weakening 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.
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