Sales Prices Up in 92101
This Week, the median list price in SAN DIEGO, CA 92101 this week is $595,000 for all condos & townhomes, downtown.
The Market Action Index has been climbing lately while days-on-market are
trending down, these point to a positive near-term outlook for the market.
Supply & Demand: The market continues to get hotter. More sales demand and fewer
homes listed have contributed to a relatively long run of increasing prices.
Current supply and demand levels show no sign of prices changing from their current trend.
Watch for persistent downward shift in the Market Action Index into the
Buyer’s zone as a leading indicator of the price strength
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory.
Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.