The San Diego housing market continues to be red hot, with home prices rising at the fastest rate in the nation for the sixth month in a row. According to San Diego Union-Tribune, home prices in the San Diego metropolitan area increased 10.3 percent annually in April, according to the S&P Case-Shiller Indices report released Tuesday. This follows a trend of rapid appreciation, even amidst higher interest rates and a limited inventory of homes for sale.
While the pace of growth did show a slight decrease from the previous quarter, it’s still significant, and the market remains strong. It’s a seller’s market, with the median resale single-family home price in San Diego reaching $985,000 in April. This means that buyers need to be prepared to compete fiercely and potentially move quickly to secure a property.
If you’re looking to buy or sell a home in the San Diego area, I can help! My expertise in the local market and understanding of the current trends can give you the edge you need. I’m here to answer all your questions and guide you through the process.
Visit my website today to learn more about my services and how I can help you achieve your real estate goals.
Leave a Reply
You must be logged in to post a comment.