Great things are happening in San Diego area Real Estate.
Check out my August Newsletter and San Diego Area Real Estate Report.
Inside This Issue…
Real Estate Report…
10 Worst Places For Germs In Your Kitchen…
How To Avoid Hiring The Wrong Financial Adviser…
Fun Facts and Laughs: 3 Great Outdoors Websites, Throw A Party On A Budget, And More…
Trivia Challenge: Win $10 Starbucks Card
Real Estate Q&A: How Do You Select A Good Home Contractor?
Real Estate Report:
Prices Rise Year over Year, Drop Slightly from June.
SD County has a 27 Month trend of Year over Year price increases!
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.
New Listings increased 3.7 percent to 4,944. Pending Sales were down 3.6 percent to 3,183. Inventory levels shrank 0.4 percent to 9,458 units.
Prices forged onward. The Median Sales Price increased 7.5 percent to $456,995. Days on Market remained flat at 39 days. Absorption rates slowed as Months Supply of Inventory was up 6.5 percent to 3.3 months.
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