The median list price in Del Mar, CA 92014 is $2,795,000.
With inventory and days-on-market basically unchanged and the Market Action Index (MAI) decreasing, the market is not sending a strong directional signal for the near term Del Mar real estate market. Inventory remains exceptionally low for prime properties.
SUPPLY AND DEMAND
Del Mar home sales have begun exceeding new inventory. While still a buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Prices for homes for sale in Del Mar hit another all-time high this week. You can see that prices continue to march higher. Look for a persistent downward trend in the MAI into a buyer’s zone as a leading indicator of the price strength finally abating.
MAI (Market Action Index)
The Market Action Index (MAI) 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.