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Has the San Diego Housing Market Recovered?
Increased buyer demands and Low Housing Inventory in San Diego makes you ask Has the Real Estate Market Recovered? Alan Harris with the San Diego Homes on Sale Team at Keller Williams released the latest San Diego Real Estate Market Statistics.
After ending October with a bang, the San Diego County Housing Market looks to be continuing its progressive streak heading into Thanksgiving. The days on market for recent listings of Real Estate Properties in San Diego CA are good indicators that the market may likely exceed its upward recovery trend from last month. Let’s look at where it stands as of the November 5, 2012 numbers.
In the first week, there were 137 sold Real Estate Properties in San Diego CA. You can expect an increase once the homes under contract are closed.
Furthermore, November started with 4,579 Pending and 3,801 Contingent Listings of Real Estate Properties in San Diego CA, which are up 19.4% and 10.0% respectively after comparison to October’s first week stats. Meanwhile, the current San Diego County Housing Market has an astonishing 5,218 homes for sale. What really makes this incredible is that we are unable to recall a time when the number of Active Listing Inventory was this low.
It is a great time for both Buyers and Sellers of Real Estate Properties in San Diego CA. Prices are still desirably low because of the San Diego County Housing Market conditions. Coupled with historic low interest rates, these are attractive conditions for Homeowners that would like to sell their home finally without a loss.
Both Buyers and Sellers of Real Estate Properties in San Diego CA can expect several potential homebuyers competing for the same home. In turn, they can look forward to multiple offers of fair market value homes.
Factors such as seasonal changes and economic fluctuations still need to be kept in mind since these may influence the market of Real Estate Properties in San Diego CA. With the recovery of the San Diego County Housing Market, it would be best to make a move now.
About Alan Harris:
The San Diego Homes on Sale Team is an award winning team owned by Alan Harris in San Diego, California. The San Diego Homes on Sale Team specializes in San Diego Real Estate and these communities:
You can reach the San Diego Homes on Sale Team and Alan Harris, Associate Broker/Principle at (619) 537-9694 or on the web at http://www.SanDiegoHomesOnSale.com/