The median list price in Del Mar, CA 92014 is $2,795,000.
Inventory is up and the Market Action Index (MAI) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit for the Del Mar real estate market.
SUPPLY AND DEMAND
The Market Action Index 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 downward pressure on pricing.
We continue to see Del Mar real estate prices bounce around this plateau. Look for a persistent downward in the Market Action Index 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 Del Mar home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.
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