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Real Estate @ a Glance: August 2014 Edition

September 2, 2014

 

Here is the most recent information on the San Diego housing market. For specific information on your neighborhood or a market analysis on your home, please send me an email or call me at 619-888-2117.

Reportable Period :: JULY 2014 :: SAN DIEGO ASSOCIATION OF REALTORS®

Although low supply and tight credit standards are still hurdles to recovery, prices continue to rise in most local areas. Job growth has strengthened lately, but wage growth has not kept pace with the price gains we have seen. Buoyed by stable and continuously lower interest rates, affordability is still historically high yet below its all-time peak. Rising inventory levels will lead to more choices for qualified buyers, but as the summer reaches toward fall, the prospect of more homes coming on the market begins to wane.

Closed Sales: 2, 745

Median Sold Price:  $456, 995

Homes for Sale:  9,458

Average Days on the Market: 39

Housing Affordability Index: 30

For the comprehensive Market Overview infographic, click this link.

JulyMarketOverviewSDAR

 

 

Consider me your resource for all things real estate!  Selling, buying, upsizing, downsizing, relocating, investing, vendor referrals, shoulder to cry on during renovations and more.  Just send me an email or call me at 619-888-2117.

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