It was in May that Zillow started guessing +1%-ish for local appreciation. Comparing their ‘typical home values’ from May to today shows a decline of roughly 2% in pricing in all zip codes over the last six months.
With sticky mortgage rates and a political circus for the ages, I’ll take it!
I’ll guess that we will get +5% in the first quarter of 2025, then back to Flat City.
NW Carlsbad – 92008
SE Carlsbad – 92009
NE Carlsbad – 92010
SW Carlsbad – 92011
Carmel Valley – 92130
Del Mar – 92014
Encinitas – 92024
La Jolla – 92037
Rancho Santa Fe – 92067
