Tag Archives: San Diego housing market

June 2019 North County and San Diego Real Estate Report

June 2019 North County and San Diego Real Estate Report

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.

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May 2019 North County and San Diego Real Estate Report

May 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.

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April 2019 North County and San Diego Real Estate Market Report

April 2019 North County and San Diego Real Estate Market 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.

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What’s Ahead for the Housing Market in 2019?

Housing Market in 2019

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.

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How’s the Market?

How's the Market?

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.

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March 2018 San Diego Housing Market Report

March 2018 San Diego Housing Market Report

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.

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October 2017 San Diego Housing Market Report

October 2017 San Diego Housing Market Report

The October 2017 San Diego Housing Market Report is showing strong year-over price increases, and a continued drop in the number of new listings and sales compared to 2016. Despite our lack of inventory, the San Diego County market moved up to number five on the hottest U.S. markets list from realtor.com® for September.

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July 2017 San Diego County Real Estate Report and Interest Rates

July 2017 San Diego County Real Estate ReportThe July 2017 San Diego County Real Estate Report shows that, unlike some parts of the country, the San Diego County real estate market has not slowed down. In fact, year-over median sales prices increased countywide by 11 percent in June. The number of closed sales has dropped, but this is due to a continued lack of inventory.

San Diego County’s housing market has recovered with the median sales price exceeding 2005’s high in May this year. If you’re a homeowner, that’s wonderful news. It you are looking to buy, it’s not as scary as it sounds because when you adjust for inflation, we are still well below pre-recession highs. Only about one-third of the country has seen this recovery.

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