How's the Real Estate market in your area?
San Diego, CA 92104
Single-Family Homes
McT Real Estate Group
San Diego, CA 92104
Mon Jul 22 2019
This week the median list price for San Diego, CA 92104 is $845,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 31.
Market Action Index
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.
| Today |
| Last Month |
Strong Seller's Market
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $845,000 | |
| Per Square Foot | $679 | |
| Days on Market | 74 | |
| Price Decreased | 55% | |
| Price Increased | 0% | |
| Relisted | 32% | |
| Inventory | 31 | |
| Median House Rent | $2,325 | |
| Most Expensive | $1,800,000 | |
| Least Expensive | $475,000 | |
| Market Action Index Strong Seller's Market | 47 |
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,400,000 | 2,012 | 6,500 - 8,000 sqft | 3 | 3 | 44 | 1 | 0 | 120 |
| $899,000 | 1,439 | 4,500 - 6,500 sqft | 3 | 2 | 92 | 3 | 1 | 83 |
| $776,950 | 1,100 | 4,500 - 6,500 sqft | 3 | 2 | 71 | 0 | 1 | 48 |
| $577,000 | 652 | 0 - 4,500 sqft | 2 | 1 | 83 | 3 | 2 | 51 |