The median list price in Del Mar, CA 92014 is $2,745,500.
Inventory has been lightening lately and the Market Action Index (MAI) has been trending up. Though days-on-market is increasing, these are mildly positive indications for the Del Mar real estate market.
SUPPLY AND DEMAND
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the MAI for changes as it can be a leading indicator for price changes.
Del Mar real estate median prices haven’t moved much in the last few weeks, we are relatively close to the market’s high water mark. Watch for a persistent downward shift into the buyer’s zone as a leading indicator of the price strength subsiding.
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.