By Candace Thrower
The real estate market in the United States has been hectic, and San Diego is no exception. The city has consistently ranked first among the most thriving real estate markets. The market has recently exhibited indications of calming, bringing relief to investors. Well, I can’t say whether the market will continue to rise or revert to pre-pandemic levels following its recent stabilization. Here’s a glimpse of San Diego in the fourth quarter: WWW.THEPOWERISNOW.COM
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ousing Stocks- the housing inventory has dropped dramatically with detached homes’ inventory falling to 42.6 percent and 60.1 percent for attached homes. The month’s supply for a detached home has decreased by 47.1 percent, while attached homes’ months supply has dropped by 66.7 percent. The days in the market for detached homes are at a 19.2 percent decrease and 19.2 percent decrease in days in the market for attached homes. The average time properties are on the market is 1.7 months, indicating that demand for property in San Diego is still outpacing supply. San Diego is unquestionably a seller’s market, with no signs of a change soon. In Q4, inventories are likely to rise as more homeowners list their houses and new listings arrive. Home sales- Detached homes have seen a 16.1 percent drop in closed sales, while on the other hand, attached homes have recorded a 0.7 percent increase. Pending sales have dropped by 12.6 percent for detached homes and 10.6 percent for attached homes. l
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San Diego Market Update for Q4,2021
