Tue Mar 05 2019
This week the median list price for San Clemente, CA 92673 is $1,199,900 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 69.
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.
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.