Health & Fitness
This Week's Encinitas Market Trend Report
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on market climbing, these are relatively negative implications for the market.
In terms of supply and demand, the market is getting cooler—more supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is technically a buyers' market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.