November San Diego Market Update
Can you believe we are coming near the end of 2022? What a year it has been in terms of market shifts and mortgage rates, yet owning a home is still the greatest asset most people will have and a goal most people want to achieve.
Let's breakdown what’s happening in the real estate market here in San Diego County so that you can make the best decision when it comes to probably one of your largest assets, which of course, is your home.
At this time, there are 4,534 active listings, 2,654 homes pending, and 2,648 homes that were sold in the last 30 days. Homes sold for an average of $982,000 and were on the market an average of 32 days. So, you can see, with the changing market it is no surprise to us that homes are staying on the market longer. With the constant shifts, you need an experienced agent to help guide you through your next moves in real estate.
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 2022 real estate forecast, don't hesitate to reach out - we're happy to help!