Rising prices, more inventory—here's why now is the time to buy...
Serving Families across San Diego County since 2014
Seize the Opportunity: San Diego's Housing Market is Ripe for Savvy Buyers!
San Diego continues to experience rapid home price increases, ranking second in the nation with an 8.7% annual rise in June, according to the S&P Case-Shiller Indices. This marks a slight slowdown from earlier in the year when prices rose by 10-11%. Despite the slowing pace, national and local home prices reached record highs in June.
Lisa Sturtevant, Bright MLS's chief economist, highlighted that the current housing market is driven by low inventory and high prices despite mortgage rates being near 7%. In June, the San Diego metro area saw a median resale price of $1 million for single-family homes.
San Diego's 8.7% annual rise in home prices on a median resale price of $1 million translates to an increase of $87,000 in just one year. What could you do with that extra money if you made an additional $87,000 a year?
Moreover, the market presents a promising window of opportunity, with inventory numbers in San Diego showing a slight increase and mortgage rates on a downward trend.
Securing your desired home now, with potential credits making it more affordable, positions you to benefit from the anticipated future appreciation in the San Diego market, adding to the potential return on your investment.
Contact me if you are ready for a strategy session on how we can make the most out of this market for you.
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3825 32nd St
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