What are the latest real estate trends in our San Diego area market? Let’s find out.
What’s going on with the San Diego real estate market?
Not long ago, we were in the middle of a red-hot seller’s market—but, now, things have begun to shift. Nowadays, market conditions vary by area a little more so than in the recent past. Clairemont, for example, has had a sudden influx of inventory.
Location-based variables aside, rising interest rates are impacting real estate conditions nationwide. However, when you see rates creep up into the high 4% range, keep in mind that current rates are still quite low, historically speaking.
“Staying informed about current market conditions is the key to being successful in any of your real estate endeavors.”
To put things in perspective, people were thrilled at the prospect of a 14% interest rate back when I got into real estate in 1984.
The bottom line is this: Staying informed about current market conditions is the key to being successful in any of your real estate endeavors, whether you’re buying, selling, or investing.
As always, feel free to reach out if you have any other questions or would like more information. I look forward to hearing from you soon.