The median list price in Del Mar, CA 92014 is $2,936,500.
The Market Action Index (MAI) has been trending down lately while days-on-market is climbing, providing mostly bearish signs for the Del Mar real estate market.
SUPPLY AND DEMAND
While prices have been at a plateau for a number of weeks, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Del Mar 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 Del Mar home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.