The North County and San Diego Real Estate Market Report has been talking about market changes since spring. Now the numbers are finally coming in, and major sources are reporting a shift in the real estate market. This is what the California Association of Realtors® said, “Home sales in California have been lackluster in recent months and prices began to show signs of softening. We cannot deny that a market shift is underway anymore.”
Realtor.com® agrees and says the market is shifting from a seller’s to a buyer’s market with “California experiencing the nation’s biggest increase in the number of homes seeing list price reductions.”
Continue reading October 2018 North County and San Diego Real Estate Market Report →
The February 2018 San Diego Housing Market Report shows January as a fairly quiet month. This is expected after the holidays. That being said, we still saw continued price increases and tight inventory in San Diego and North County. In fact, San Diego ranked sixth on the hottest U.S. markets list from realtor.com®.
Change may be coming though. Interest rates are increasing. These higher rates will decrease buyer’s purchasing power. Tax law changes now limit property tax deductions. With these changes, experts expect price increases to continue, but at a slower pace. They also see more inventory coming on the market by the end of the year.
Continue reading February 2018 San Diego Housing Market Report →
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