Courtesy of Escrow Leaders and Altos Research
Tue Feb 05 2019
This week the median list price for San Clemente, CA 92672 is $1,359,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 105. Click here to stay informed with the San Clemente market!
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.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
MORTGAGE INTEREST RATES ARE STILL AT AN HISTORICAL LOW, AND NOW IS THE TIME TO SELL YOUR HOME DUE TO HIGH DEMAND, OR PURCHASE YOUR DREAM HOME...CALL MIKE BROWN LUXURY HOME BROKER FOR SOUTH ORANGE COUNTY AT 760.822.8734