Local Market Update In San Diego

Hello San Diego! As we move into the last few months of 2023, 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. At the time of this recording, there were 949 active listings, 574 pending homes, in escrow, and 627 homes sold homes over the past month. The. Average List Price was $1,367,and Average Sold Price was $1,343,000. And these homes were on the market an average of just 25 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 because there is less inventory. With the constant shifts, you need an experienced agent to help guide you through your next moves in real estate. I've personally successfully sold over 2,200 homes across 67 different zip codes throughout greater San Diego, so connect with my team today to get the most accurate, latest 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.