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Call/text George Lorimer at 619-846-1244
Here is the San Diego market update as of January 22, 2025. This may be what buyers have been waiting for.
There are more homes on the market. The demand is relatively flat. Buyers have some choice and some buying power.
See available homes
Are prices relatively high? Yes.
Are mortgage rates relatively high? Yes.
Then what's the good news?
It is a market where you have selection and some bargaining power.
The selection is to get the right house, and the bargaining power can be to get a buydown for a lower mortgage or a break in the price. These are a net benefit for buyers.
What does this mean to sellers?
Prices are close to ALL-TIME highs.
But the change is that homes aren't flying off the shelves.
To sell, your home has to look nice and be a better value than the competing homes.
Or
If the home needs much work, it will be a super attractive price to sell.
If you want to chat about buying, selling, or investing in a San Diego County home, call or text me, George Lorimer, at 619-846-1244.