These graphs are updated on the first of the month so these are the latest numbers and they are interactive so you can scroll over to see the individual data.
These are tracking the Coastal North region of SD County. You can see the average and median cost-per-sf is dropping significantly for it being in the prime April-June period.
It’s why I think we are going to muddle through the rest of the year.
Instead, the adjustment will be in the number of sales, as sellers continue hold out on price but fewer homes being worthy of purchase in the eyes of the buyers.
If you think the inventory surge in 2025 was significant, wait ’til next year!
By scanning through your graphs it looks like we’re back to 2022 pricing.
Even if there is rate cuts I’d expect 2026 to do about the same ie go back to 2020/2019 pricing.
We’re starting to hit the “sweet spot” where boomers are end of the road and if theres anything left to inherit its going to get sold off quickly by the kids.
BTW I appreciate you being honest about market conditions. Realtors make money selling houses. Valuations going up or down doesnt matter. Sales just need to keep occurring. Its annoying listening to realtors that are always pushing for prices to go up. Sometimes that doesnt happen, and its ok.