May 2017 San Diego Real Estate Update

May 2017 San Diego Real Estate Update

Sales are ⬇️, Inventory is ⬇️, but Prices are at an All Time High!

Ok, so prices aren't at an all time high.. some areas are still well below the high seen in 2006; however, when compared to the last 8 years, we are seeing prices soar to new heights! We have experienced this large price increase in 2017 due to the high demand and lack of inventory. We have plenty of buyers attempting to move to San Diego, however we just don't have enough homes for them all. This market condition sparks bidding wars; which in turn has caused our housing prices to climb. 

Here are the numbers to back that up..                                                

Inventory down      Median Sales Price up        Interest rates down
    ⬇️   29.5%                   ⬆️  24.3%                          ⬇️   4.15%

Article from San Diego Real Estate Today

Joseph Arendsen Headshot
Phone: 760-672-0174
Dated: May 22nd 2017
Views: 104
About Joseph: Having been raised in North County San Diego, Joseph has a great wealth of experience and knowledge ...

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