Weekly new pendings have been consistent at this level for 4 weeks now.
Weekly new listings came in much lower than the previous 2 weeks.
Weekly new pendings have been consistent at this level for 4 weeks now.
The rise in inventory trend flattened out as a result.
The weekly median price has leveled off since the big jump we experienced in February.
March price appreciation will be pretty flat by the looks of it. That will tamper down the astronomical year-to-date appreciation we’ve seen thus far.
How’s Brian feeling this week about the San Diego market?
Optimistic, but still playing it cautious.. 🙂 (no changes from last week, for now)
- 3-month outlook (May 2024) – inventory will increase. We’ll see another 2-3% appreciation over February.
- 6-month outlook (August 2024) – inventory will be higher than in May, and values will peak in May as usual, then flatten out and fall from there.
- 12-month outlook (February 2024) – sticking to the 5-7% range of annual appreciation for now.
Disclaimer! This is not investment advice. I might be wrong. You make your own decisions.
Other Relevant Local News
- California ranks dead last in the nation for job growth.
