Real Estate @ a Glance: May 2014 Edition

 

Here is the most recent information on the San Diego housing market. For specific information on your neighborhood or a market analysis on your home, please send me an email or call me at 619-888-2117.

MAY  2014 :: SAN DIEGO ASSOCIATION OF REALTORS®

During this year’s spring refresh, seller activity is the first item on the watch list. Low inventory has been a national headline grabber, and many are eager to see if this is the year that brings a bevy of new properties to market for ready-to-buyers. Investor activity and cash purchases should be monitored, as well, along with any increases in new construction. And although interest rates are up from their all-time lows, borrowing costs are still remarkably affordable. It’s cheaper to own than to rent in most of the country.

 

Closed Sales : 7,049

Median Sales Price:  $411,500

Homes for Sale:  7, 753

Days on the Market : 50

Housing Affordability Index:  85

   

 

San Diego Real Estate Market Overview for March 2014

 

 

 

Consider me your resource for all things real estate!  Selling, buying, upsizing, downsizing, relocating, investing, vendor referrals, shoulder to cry on during renovations and more.  Just send me an email or call me at 619-888-2117.