What's the Real Estate Buzz in San Diego County?

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Now that the summer is over, I wanted to take a moment today to give you a quick market update for the first half of 2015. Here are some recent trends we've been taking note of:
  • The median home price for San Diego County was $455,000 for the first half of 2015, an increase of about 5.8%.
  • The average number of homes sold per month has increased 8.7% to around 3,400.
  • The average number of active listings is 6,300, giving us just a 2 month supply of inventory. A healthy supply is around 6 months, but right now we are in a hot seller's market and prices are being driven up.
  • Interest rates for the first half of the year were running around 3.7%, which is about as low as they have ever been. This is down from 4.29% this time last year. Analysts are saying as long as we continue to see turmoil in Greece, rates will remain low.

If you have any questions for us about the market, feel free to give us a call or send us an email. We are always here to be your real estate resource!!

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