Encinitas Housing Statistics - April 12, 2010

SINGLE FAMILY HOMES The median list price in ENCINITAS,CA this week is $1,150,000. The 213 properties have been on the market for an average of 173 days. Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market. CONDOS The median list price in ENCINITAS, CA 92024 this week is $467,450. 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. Condo sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market. Data from Altos Research