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Real Estate @ A Glance: September 2016 Edition

September 20, 2016

 

 

 

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 :: AUGUST 2016:: SAN DIEGO ASSOCIATION OF REALTORS®

Closed sales began to cool for much of the country last month, and conventional wisdom indicates that year-over-year declines are going to be present for the remainder of the year, given the low inventory situation in most markets. Demand is certainly present and has created competitive situations that have kept prices up. Rental prices are also up, which may lure more toward homeownership.

As inventory continues to drop, the contradictions of today’s market are evident. Sellers should feel confident enough to list homes at fair prices and receive meaningful offers in a healthy residential real estate and overall economic environment.

Median Sales Price: $505,000
Days on the Market Until Sale: 30
Housing Affordability Index: 2016-Q2: 26%
Months Supply: 2.3

Reportable Period:: August 2016 :: SAN DIEGO ASSOCIATION OF REALTORS®

total-market-august

 

 

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