I had guessed that sales would drop 20% this year, but with mortgage rates being so cooperative it looks like we’ll be fine.

Detached-home sales in San Diego County’s north coastal region for the first seven months of 2019 are only down 3% year-over-year (1,642 vs. 1,693 in 2018).  We’ll have a few more reporting over the next few weeks which should pull us within 1% to 2% of last year.

Mortgage rates spiked during the second half of 2018, helping to cause a 10% drop in NSDCC sales in the last five months of the year, compared to August-December 2017 (1,121 vs. 1,242 in 2017).

It will be hard to under-perform last year with rates about 1% less!


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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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