San Diego Real Estate Market Update – October 2023
Let’s check out the latest trends in the San Diego real estate market!
Right now, the median price for a detached home in San Diego is $999,000, up 10.1% year-over-year. Homes are selling quickly, but how long will the seller’s market last?
In this video, we’ll check out month-over-month trends, exploring new listings, pending sales, and median prices. The number of homes for sale has increased, signaling a potential shift in the market.
We’ll also have a look at year-over-year numbers, which show closed sales and new listings are down, while median prices are up. Interest rates are hovering around 7.57%, which is making affordability more challenging for buyers.
If you’re considering buying or selling a home in San Diego, it’s crucial to be well informed, and enlist the help of a knowledgeable real estate professional. The market is presenting unique challenges and opportunities, and we’re here to help you navigate them.
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