The median list price in Del Mar, CA 92014 is $2,772,250.
Inventory has been lightening lately and the Market Action Index (MAI) has been trending up. These are mildly positive indications for the Del Mar real estate market.
SUPPLY AND DEMAND
Del Mar home sales have begun exceeding 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.
You can see that prices for homes for sale in Del Mar are marching upward and that we’re getting close to the market’s all-time high. Watch for a persistent shift in the MAI as a leading indicator of the price strength.
MARKET ACTION INDEX (MAI)
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.