The median list price in Rancho Santa Fe, CA 92067 is $3,288,000.
Inventory is tightening and days-on-market is falling. Demand as measured by the Market Action Index (MAI) is also trending downward. The Rancho Santa Fe real estate market is not giving strong up or down signals from this data.
SUPPLY AND DEMAND
Rancho Santa Fe home sales have begun exceeding new inventory. This is a buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the seller’s zone, we may see upward 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.