The North County and San Diego housing markets continued to see 16 to 17 percent, year-over price increases with inventory being squeezed down to almost nothing in November. And although closed and pending sales have dropped compared to last year, new listings have taken an even bigger hit. This is keeping a lot of pressure on our market with few options for home buyers.
Continue reading North County and San Diego Housing Markets December 2021
Sales continued to slow in North County and San Diego housing markets in October, but price increases were still strong and inventory remained tight.
Continue reading North County and San Diego Housing Markets November 2021
June 2019 North County and San Diego Real Estate Report continues with trends that started last summer. Home prices are slowly rising while the volume of home sales drops and available inventory creeps up. North County showed a year-over median price increase of just 1.0 percent while San Diego County as a whole saw year-over prices rise by 2.6 percent.
The S&P CoreLogic Case-Shiller Indices put San Diego metro price gains at the lowest of their 20-city index for the fourth month in a row. Even with low interest rates, the price of homes in high-cost markets like San Diego is keeping buyers at bay. Some experts do believe that interest rates may drop even lower. Those lower rates could help warm up our market.
Continue reading June 2019 North County and San Diego Real Estate Report
The May 2019 North County and San Diego Real Estate Report shows that after climbing at a fairly fast pace for several years, home-price growth is slowing down. North County saw its first year-over, median price downturn in 43 months. Countywide, prices continued to move up at a moderate rate of 2.4 percent compared to the previous April.
Before you panic about a crash, most experts don’t see one coming soon. They blame this slowdown on a lack of affordability in high priced markets like ours. This lack of affordability is because home prices have risen faster than wages.
Continue reading May 2019 North County and San Diego Real Estate Report
The April 2019 North County and San Diego Real Estate Market Report has good news for both home buyers and sellers. If you are thinking of buying, there’s good news all around. Home appreciation has slowed down considerably, interest rates are holding steady, and homes were as affordable in March as they were a year earlier. According to RealEstate.com, it’s even improving for first-time buyers.
If you are thinking of selling, it’s still a great time. Although inventory is slowing growing, it’s still very low. And this is a great time of year to sell a home. Realtor.com® claims that the beginning of April is the best time to put your home on the market. Their research shows that homes sell for more now than they do at the beginning of the year, and there are fewer homes for sale, thus less competition, than there will be in coming months.
Continue reading April 2019 North County and San Diego Real Estate Market Report
As we begin another year, everyone wants to know: “Where is the housing market headed in 2019?”
It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy. Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth in some parts of the country. But for California, that might not be the case. The California Association of REALTORS® (C.A.R.) is predicting a slight growth in home prices, but a slower weaker market overall. These shifting conditions could impact you if you plan to buy, sell, or refinance this year.
Continue reading What’s Ahead for the Housing Market in 2019?
While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. Inventory while still tight, has started to creep upward. Mortgage rates will continue to climb, and affordability will remain a major issue in many parts of the country.
So what does that mean for San Diego County home buyers and sellers? If you ask me right now how the market is, I’d say just like our fall weather—cooling. Let’s take a closer look at some of the top indicators.
Continue reading How’s the Market?
The March 2018 San Diego Housing Market Report shows February picking up steam. Job growth in San Diego County is strong, and incomes are expected to grow. This along with a lack of homes available for purchase, both new and resale, continues to fuel price increases. Interest rates are rising though, and this limits buyers’ ability to qualify. This is expected to slow down home appreciation in 2018.
Continue reading March 2018 San Diego Housing Market Report
The December 2017 San Diego Housing Market Report shows year-over price increases jumping back up to double digits after dropping to a more sustainable rate of approximately 5 percent last month.
Continue reading December 2017 San Diego Housing Market Report
The November 2017 San Diego Housing Market Report shows a slight slowdown. That being said, San Diego still ranked fourth on the hottest U.S. markets list from realtor.com® for October.
Continue reading November 2017 San Diego Housing Market Report