The median list price in Rancho Santa Fe, CA 92067 is $3,425,000.
Demand measured by the Market Action Index (MAI) is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
The MAI has been trending lower for several weeks while prices have remained relatively stable. If Rancho Santa Fe inventory continues to grow relative to demand however, it is likely we will see downward 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.
MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Rancho Santa Fe home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.