The median list price in Del Mar, CA 92014 is $2,547,500.
The Market Action Index (MAI) has been trending down recently, but as days on market decreases also, these are not strong signals for the Del Mar real estate market. Inventory remains exceptionally low for prime properties.
SUPPLY AND DEMAND
The Del Mar market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in a seller’s market and prices have been moving upward as evidence.
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.