With interest rates experinecning a gradual decline in 2024, how will the pent up demand from 2023 affect our market?

Serving Families across San Diego County since 2014 Home Sales Trends in 2023 How did November Home Sales shape up? At this point last year, there were 17,274 Homes and 9,682 Condos Sold. This year, we are at 12,961 Homes 7,390 Condos Sold. How does this affect our market? Given the drop in total home sales, we can speculate that countless buyers are on the 'sidelines' waiting for the market to favor their situation. With median and average prices increasing, despite the drop in home sales, buyers will flood the market as rates continue to trickle down over this year. As we see an uptick in active buyers in our market, prices will increase to match the demand with the limited supply of homes in San Diego. You can click below for market specifics. See more detailed statistics here Read my Reviews Looking to buy or sell? Let's pinpoint your best strategy and make a move. See all of my listings here Thank you for your time today. I look forward to working with you now or in the future. 3825 32nd St San Diego, CA 92104 Update Profile Sent by zacha@porchlightsocal.com powered by Try email marketing for free today!