San Diego

Did you realize the inventory of homes for sale in San Diego is now decreasing? Although home prices are declining, the number of home sales in San Diego is greatly increasing. According to California Association of Realtors data, and based on selected MLSs in California, the number of home sales is up 190.4% from last year at the same time.

At the height of the market in 2004 where San Diego homes were selling quickly, there was less than 2 months supply. Meaning if no new listings went on the market, it would take less than two months to sell the existing home inventory. In 2007, San Diego fewer homes for sale, and there was over a 16 month supply. In San Diego we are now just under a 7 month supply, and the number of homes for sale is decreasing. You know the law of supply and demand.

With more people buying homes in San Diego, the demand is going up, the supply is going down, and that means increased prices will be on the way. If you are thinking about buying a home in San Diego, now is the time. You can go to my website, www.karencrabtree.com, and search for properties that meet your criteria. If you would like personal assistance, just send me an email.