Low inventory, low interest rates and extremely high demand continue to challenge San Diego’s Housing Market and make it extremely competitive. The average days on the market for single family homes in San Diego, during the month of October, was 81 days. This is down compared to October 2011 with the average a year ago at 105 days. Take a look at this chart below for a few hotspots nationally.
Homes are selling like hotcakes!
San Diego’s housing market continues to experience high demand despite the holiday season. Multiple offers continue to be the norm on well priced and below market houses as investors compete for the deals often times beating out conventional, VA and/or FHA first time buyers.
If you or a friend is seeking to get into the San Diego housing market, it is paramount to have a well crafted and strategized housing plan. This includes getting pre-approved with a lender you can trust, working out your budget ahead of time, setting goals and sitting down with your Realtor® to discuss your ideal home before you start to search. It is very easy to become discouraged amongst the competition but doing a little homework ahead of time will greatly improve your odds of success.
If you don’t have an aggressive, active, full time Realtor on your side, call me for an interview today. I have 100% success in today’s market and look forward to helping you!
Tami McCraw
