July 2017 Real Estate Update

July 2017 Real Estate Update

We Are Feeling the Pain...  the Inventory Shortage Pain!

We have seen a slowdown in sales in most parts of San Diego... but we continue to see prices increase! This is because we still have a lot of buyers entering the market, presumably due to our thriving local economy, our unemployment rate being well below the national average, and we have also seen wages increase.  So what can we expect moving forward? We will continue to see the crunch on inventory which, in turn, will cause bidding wars and price increases. For homeowners who are thinking about selling? This is great news! For buyers? Not so much... However, we are expecting to see a spike in new development with lots of new construction hitting the market in the next 4-12 months, so stay tuned!

Here are some stats to back that up...Image title

Article from San Diego Real Estate Today

Joseph Arendsen Headshot
Phone: 760-672-0174
Dated: July 14th 2017
Views: 161
About Joseph: Having been raised in North County San Diego, Joseph has a great wealth of experience and knowledge ...

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