Exciting News for San Diego County Home Sellers and Buyers!
Market Trend Update – August 2023
Inventory Insights:
Currently, we have a very low 1.3 months supply of inventory. This means that if no new homes were listed, it would only take 1.3 months to sell all the existing homes on the market. And over the last 12 months, we’ve seen a significant decrease of 28.57% in the months supply of inventory. This indicates a strong seller’s market, where demand exceeds supply, putting sellers in a favorable position.
List-to-Sold Price Performance:
Currently, the list-to-sold price percentage stands at an impressive 101.4%. This means that on average, homes are selling for 1.4% above their listing price. Sellers, this is excellent news for you! It demonstrates the high demand and competitiveness among buyers in our market.
Swift Sales:
In San Diego County, homes are flying off the shelves, so to speak, with a median days on market of just 10 days. That’s right, homes are selling in less than two weeks on average! Buyers, this means you need to act swiftly and be prepared to make competitive offers in this fast-paced market.
Median Sold Price:
The median sold price in San Diego County currently stands at $870,000. This represents a significant increase in home values, indicating a strong market appreciation. For sellers, it means you have the potential to get top dollar for your property. And for buyers, it highlights the value and potential return on investment in our desirable area.
July 2023 Wrap-up:
I hope you found this information valuable and insightful. If you’re looking to buy or sell a home in San Diego County, remember that I am here to guide you through every step of the process. With my knowledge and expertise, together we can navigate this dynamic market and achieve your real estate goals.
Don’t miss out on these fantastic opportunities! Reach out to me to make the most of the thriving San Diego County real estate scene. 
Betty Torano, REALTOR®️
DRE #01922297
619-851-6028
eXp Realty
Keeping It Simple
Keeping It Real
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