The San Diego County real estate market exploded in the first half of last year and slowed a little in the second half. During the year prices increased 24% as shown in the “Market Trends” tab. Prices are expected to increase again this year at about half the rate of last year. The low inventory of homes available for sale last year was one factor impacting the price increase. Although the inventory increased from 1.5 months to 2.8 months by January of this year, it is still well below the normal range of 5-7 months. There is expected to be a real estate shortage over the next five years due to the the increasing demand for homes and very few homes being built.
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