The median single family home price inEncinitas real estate (92024) this week is $2,299,000. The average days on the market is 148 and has been trending up recently. The inventory levels are basically flat, not providing strong upward indications for the Encinitas market. 38% of the listed properties have had a price decrease this week.
Prices in the Encinitas real estate market have been on a downward trend lately and this first week of August, while essentially flat, does not change that cycle. This is good news for buyers who want to buy real estate in Encinitas in a very high quality school system but not good news for sellers who are anxious to sell their homes.
Local conditions in Encinitas real estate are very strong for buyers. With several months of inventory available at the current sales rate, buyers should find a good supply of homes to choose from in their price range. The 90-day Market Index is at 17. If the Index is above 30, it favors the Seller and if it is below 30, it favors the Buyer.
August continues to be a great time to buy real estate in Encinitas. Before the kids go back to school, sellers want to get their homes into escrow, and buyers should be ready to make a move.