The San Diego inventory is still woefully low. But most of the feeder areas have more homes for sale, which might make it easier for you to find a good match – and maybe even a better price than you expected?
A couple of years ago, I had a client who thought about moving to Dallas. He rented a house there and moved the family, but didn’t sell his house here. The market was so hot there that he lost several bidding wars and was completely frustrated with trying to buy a decent house at a decent price. They gave up and moved back to the Sandy Bagel. With more listings now, maybe it’s a good time to reconsider.
Same thing below. A few more San Diego houses listed last month, but still well under the 2019 count prior to the pandemic. Other areas where you might move are surging with new listings (red dots), and their selling seasons are just beginning:
The NSDCC sales in March will be about the same as they were in February – from Bill: March sales will be mostly for contracts signed in January and February and mortgage rates increased to an average of 6.8% in February. My early expectation is we will see a sales decrease in March on a seasonally adjusted annual rate basis (SAAR) compared to February. There were two fewer working days in March 2024 compared to March 2023, so seasonally adjusted sales will be higher than the NSA data suggests.
https://open.substack.com/pub/calculatedrisk/p/final-look-at-local-housing-markets-5eb
