Local Market Update In San Diego
Hello San Diego! As 2023 ended, we are still seeing lower-than-average inventory. We are seeing homes sell more quickly due to the supply and demand with buyers more active despite higher mortgage rates. For more info about the housing market be sure to check out my monthly real estate market series which lets you know what’s happening both locally and nationally. But for now, let's look at what’s happening right here in East County.
Let's look at what's happening right here in San Diego. There were 366 active listings, 214 pending homes, and 30 sold homes this month thus far. The Average List Price was $1,718,743 (one million seven hundred eighteen thousand seven hundred and forty three) and Average Sold Price was $1,741,450 (one million seven hundred eighteen thousand seven hundred and forty three) and were on the market an average of 5 days. So as you can see, with the changing market, it is no surprise that homes are not staying on the market for a long time and there is less inventory. With the constant shifts, you need an experienced agent to help guide you through your next moves in real estate. Connect with my team today to get more information, and we can strategize what to do with your home. Connect with my team today at 858-336-1114 to get more information, and we can strategize what to do with your home.
Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2023 real estate forecast, don't hesitate to reach out - we're happy to help!