Big news today, San Diego resale home price hits an all-time high in August of $958,000.
How could that be?
According to the San Diego Union Tribune this morning, demand remains high and supply low. Well priced homes are seeing bidding wars again as the supply struggles to keep up with demand.
It’s a familiar story that we have been dealing with in the San Diego housing market.
It seems that the only downward pressure we are seeing in the market is the higher rates for mortgages.
The trajectory of prices continues upward and many experts agree that this will continue and become more accelarated when rates take a dip.
If you are in the market buy a home, hire a realtor like myself to help you navigate this incredibly competitive market.
It’s to your advantage to be proactive and not reactive to this real estate market. What I mean by this is that you should be prepared by getting preapproved and getting out there to find the home that best suits you today. Don’t wait for rates. Mark my words, once rates take a dip you can count on a deluge of buyers entering the market driving prices further up and making homebuying that much more challenging.
So be proactive and call me today to map out a plan to make you a homebuyer in San Diego.
#realtorerick
#PalisadeRealty
#sandiegorealestate
