The market in San Diego has seen steady inventory and steady demand, which means both buyers and sellers can profit.
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Inventory levels are pretty steady. In fact, we’ve actually seen a slight decrease in the number of homes for sale.
Home demand, or the number of buyers in the marketplace, is also staying steady. That means that the market is still on an upward trajectory, with prices increasing slightly and a strong demand for homes.
What does this mean to you? Well, that depends. If you’re a seller, it means it’s a great time to sell. Prices are high and interest rates are still attractive, so buyers are actively buying properties. There’s not a lot of competition for homes like yours, or homes in general, because there’s just not a ton of inventory.
Now, if you’re a buyer, you might be thinking this isn’t a good time to buy. I don’t agree with that, and here’s why: It’s always a good time to buy, if you’re getting a good buy. Interest rates are still very attractive, though they’re likely to get higher, not lower, in the future. What we know right now is if we’re buying a property, we know where our rates are going to be, and we know what our payments are going to look like. In the future, all we know is that it’s probably going to be higher on both counts.
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It’s always a good time to buy, if you’re getting a good buy.
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Whether you’re a buyer or a seller, San Diego right now is a great, very active market. People are taking advantage of it on both sides of the table.
If there are any specific topics you’d like us to address or if you have any real estate questions or needs, please let us know. We’re here for you.
