Drew Mobile: 858-220-3004 | Drew Email: drew@gellens.com

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What is Going On in the San Diego Real Estate Market?

What is Going On in the San Diego Real Estate Market?

June 2022

What is Going On in the San Diego Real Estate Market?

That’s the question we are asked daily

Here’s the quick answer:

A Balancing Out in the Real Estate Market

 Our team has 8 homes that have come to the market in the past month:

Off Market home La Jolla Shores (Please contact us for details)

939 Coast Blvd.

939 Coast Blvd. ​

El Paso Real

Muirlands Vista Way

La Jolla Farms Road

San Elijo Ave

Chesterfield Dr.

We are seeing a balancing out in the market. We are still well below normal inventory, but we are seeing more supply of homes coming to market. The increase in interest rates is thinning the buyer pool, which means we are seeing homes sitting on the market longer than we have over the past 2 years. We are expecting more homes to come to market as we move through summer.

What does that mean for sellers? Now is the time to sell if you have been waiting for the market to peak. San Diego will see a regulation in STVR at the end of the year which may have an impact on the supply and selling.

What does this all mean for buyers? Because we are expecting more supply there will be more choices of homes available, more time to decide, and more time to offer. Less competition. If you have any questions about your real estate plans this summer, let’s chat.