San Diego Real Estate Sales and Contingent Listings

San Diego’s housing market continues to respond to historically low inventory levels as we surface from the worse of the foreclosure crisis.  Contingent listings are the lowest they have been in the past 12 months in San Diego’s Real Estate market.  Contingent listings are typically short sales; although they can be temporary space holders until an offer is accepted as in the case of foreclosures.  The chart below, provided by the San Diego Association of Realtors, tracks active (available), contingent (short sales) and pending (in escrow) home sales from May of 2012 to May of 2013.  It is clear from this chart the short sale inventory is at an all time low. 

Shrinking Foreclosure and Short Sale Inventory in San Diego

Most real estate professionals agree we have worked out way though the supply of short sales and foreclosures and are now on the other side of the foreclosure crisis.  As the dust settles on distressed sales, San Diego home buyer’s are left with little inventory to choose from making competition, pricing and the need to act quickly increase weekly.  Good deals and good homes are still out there in San Diego but now more so than ever, it is essential to arm yourself with a seasoned, aggressive agent who will work overtime to ensure your success.  Give me a ring today- I can help!

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