July 2009 San Diego Market Trends
Friday, July 24, 2009
The market is moving here in San Diego, folks! Prices and sales activity are on the rise and we are definitely seeing multiple offer scenarios on homes in the lower price ranges. Note that we are down to just a one-month supply of detached and a three-month supply of attached homes under $300,000. Homes in the $900,000+ range are at a very high 16-month supply. So, what we have are essentially two markets delineated by the conforming/non-conforming loan limits. It's a seller's market at the low-end and a buyer's market at the high end.
