The 92780 zip code market may be nearing a low. The number of contracts executed fell to 22, the lowest levels since January. However, sales seem to be trending upward, climbing to 42 homes sold over the last 30 days. In comparison, 92620 led all other nearby zip codes with 29 contracts executed. Prices are rising in the 92780 zip code, and the median sales price this period increased from $565,000 to $619,500. There are only three months of inventory available in the 92780 zip code, so it's still seller's market, even with the shrinking contracts numbers.
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