July 12, 2024

San Diego Real Estate Outlook

Since the fourth quarter of 2017 the San Diego real estate market inventory has been increasing. Now, it’s still not back to normal, at least not yet. But, the San Diego real estate market has softened as the amount of salable inventory has increased. With rising home mortgage rates being offset somewhat by our strong economy, the immediate outlook for our San Diego real estate market remains clouded.

San Diego real estate market analysis – San Diego Real Estate market facts and opinion. The San Diego California real estate market has seen some tremendous home price appreciation over the last couple of years. One of the main driving factors for San Diego home appreciation has been a huge imbalance in the amount of homes available for sale. This severe shortage of inventory (well at least in the under the $1,500,000 price range) has now been easing, well at least since the fourth quarter of 2017.

San Diego Real Estate Outlook

Here in San Diego with our history of outstanding residential real estate appreciation, I think homes in San Diego have to be looked at is not just one’s principal residence, but also, in many cases, the largest investment most people will make in their lives!

2017 San Diego real estate San Diego Real Estate Outlook

Therefore, it is imperative that current San Diego homeowners as well as potential future San Diego homeowners stay on top of developing trends in our real estate marketplace.

In our prior post one of San Diego’s top residential real estate appraisers published a very comprehensive analysis of the third quarter trends for local San Diego housing market. If you miss this important posting, here is a direct link so you can view it:  

https://brokerforyou.com/brokerforyou/san-diego-real-estate-market-2018.html

San Diego new Central Library

For those of you who are reading this and considering a move here to San Diego, if you want more information about our great city, here is a link to the San Diego city official website:  https://www.sandiego.gov/

San Diego Real Estate Outlook