San Diego real estate prices continued to increase in May while the inventory of homes available remains at an all time low. Buyers are struggling to find homes they can purchase while the interest rates are still low but rising. See “Market Trends” on this Blog.
Home prices have risen significantly over the last few months in San Diego County as you can see by looking at the Market Trends page. However, due to the continued decline in interest rates the cost of ownership has remained flat. This trend indicates it is still an excellent time to buy.
The San Diego Market Trends and the local communities of San Diego have been just updated with both quarterly and monthly information. Remarkable trends are happening in the San Diego area with prices rising rapidly due to the very low number of homes on the market and the very low interest rates. Most all homes today have multiple offers immediately after being listed. Not only is this a great time to sell it is also still a good time to buy as interest rates have fallen at the same rate as home prices have increased. Take a look at the data under “Market Trends”.
This blog is used to provide the latest information on the real estate market trends in San Diego County and some of the local communities. Please feel free to comment or add information.