San Diego Real Estate San Diego Homes For Sale

San Diego Real Estate San Diego Homes For Sale

San Diego Real Estate - San Diego Homes for​ sale
Now that the​ Memorial Day parties have finished and​ the​ summer home buying season has begun, this is​ a​ good time to​ look at​ the​ performance of​ the​ San Diego Real Estate Market .​
This analysis focuses on the​ period beginning January 1, 2018 through April 30, 2018.
Perhaps the​ best place to​ begin is​ to​ look at​ the​ number of​ homes sold for​ each of​ these four months .​

In January of​ 2018, 1,115 homes sold in​ San Diego County versus 1,523 homes January 2018 .​
This represents a​ 26.8% drop in​ sales .​
In February of​ 2018, 1,140 homes sold in​ the​ County, compared to​ 1,491 in​ February 2018, which represents a​ 23.5% decrease .​
In March 2018, 1802 homes sold, compared to​ 2,191 in​ March 2018, which represents a​ 17.8% decrease .​
In May of​ 2018, 1604 homes sold, compared to​ 2409 in​ April 2018, which represents a​ 33.4% drop .​
So the​ market has clearly turned now from a​ sellers market, to​ more of​ a​ balanced or​ buyer-friendly market.
Just as​ interesting is​ the​ change in​ the​ time it​ takes to​ sell a​ home .​
In January of​ 2018, on average, it​ took 61 days to​ sell a​ home, compared to​ 69 days in​ January 2018, which represents a​ 13.1% increase .​
In February 2018, the​ average home took 60 days to​ sell, compared to​ 68 days in​ February 2018, which is​ a​ 13% increase .​
In March 2018, on average, homes took 54 days to​ sell, compared to​ 67 days in​ March 2018, which represents a​ 24.1% increase .​
In May 2018, on average, homes took 51 days to​ sell, compared to​ 63 days in​ May 2018, which represents a​ 23.5% increase.
The information above allows us to​ make some conclusions about the​ San Diego real estate market for​ the​ first four months of​ 2018 .​
First, while the​ market remains robust, currently supply exceeds current demand, allowing homebuyers more options and​ more negotiating power .​
This is​ also producing a​ situation in​ which homes are staying longer on the​ market before they sell, a​ stark contrast to​ the​ San Diego market for​ the​ last few years in​ which demand has far outweighed supply .​

If you are interested keeping up-to-date on the​ San Diego real estate market, please go to​ .​
On this site, you can search the​ MLS for​ San Diego homes and​ condos for​ sale, see home pictures, addresses, virtual tours, and​ tax information .​
You can also evaluate the​ characteristics of​ every community in​ San Diego, evaluate the​ quality and​ performance of​ schools in​ this region, see featured home sale listings, and​ evaluate and​ apply for​ various home loan programs .​ is​ part of​ the​ Realty Executives network, an​ international real estate firm with approximately 15,000 agents worldwide.
For more information, contact:
Rocky Lall, MBA, Realtor, e-pro
Accredited Buyer Representative
Realty Executives
7510 Clairemont Mesa Blvd
Suite 206
San Diego, CA 92111
(619) 980-2702

Related Posts:

No comments: Comments Links DoFollow

Powered by Blogger.