As the summer heat begins to wane and the leaves start to turn, savvy homebuyers are turning their attention to the San Diego real estate market. Fall 2024 is shaping up to be an opportune time for those looking to make their move in America's Finest City. Here's why:
The San Diego housing market has seen a significant boost in available homes. As of August 2024, there's been an 11% increase in housing inventory compared to the previous month. This means:
While San Diego remains a strong market, we're seeing signs of price stabilization:
Several factors make fall 2024 particularly attractive:
Longer Time on Market: Homes are staying available for an average of 22 days, up from 17 days last year. This gives buyers more time to make informed decisions.
Negotiation Power: About 46% of homes sold under asking price in August, indicating room for negotiation.
Diverse Price Points: Whether you're looking for a cozy 1-bedroom or a spacious 5+ bedroom home, there's inventory growth across all categories.
Remember, you're not just buying a house; you're investing in the San Diego lifestyle:
Fall 2024 in San Diego presents a unique opportunity for homebuyers. With increased inventory, stabilizing prices, and the city's enduring appeal, it's an ideal time to make your move. Whether you're a first-time buyer, looking to upgrade, or investing in a second home, San Diego's fall market offers something for everyone. Contact me today so you don't miss this golden opportunity to secure your piece of paradise in one of America's most desirable cities. - Scott