11 Mar San Diego housing inventory down 30%
San Diego housing market got off to a slow start in 2016. Why is that you ask? Well there is a few reasons for it but don’t expect the trend to continue.
1. Inventory – The San Diego Union reported that inventory is down 30% compared to the same time last year. This is the biggest drop in the nation. As you can imagine if there is that little inventory out there it would be hard to make for a booming Real Estate Market
2. Stock Market – As I’m sure many of you have seen, the stock market has been a little erratic over the first two months of the year. This can lead to people holding back on a large investment such as a home. But once the market starts to settle which it seems to have done over the last couple weeks expect the buyers & sellers to come back.
3. Time of Year – Although inventory is down compared to last year, January & February as always know to be slower and somewhat unpredictable. I’ve already begun to see an uptick in new listings over the last couple weeks and I expect that trend to continue as we lead up to summer.
With inventory this low I can’t think of a better time to put your home on the market. If you have any real estate questions please don’t hesitate to reach out.