SAN DIEGO MARKET UPDATE FOR JULY 2018

Although home sales may actually drop in year-over-year comparisons over the next few months, that has more to do with low inventory than a lack of buyer interest. As lower days on market and higher prices persist year after year, one might rationally expect a change in the outlook for ​​​​​​​residential real estate, yet the current situation has proven to be remarkably sustainable likely due to stronger fundamentals in home loan approvals than were in place a decade ago.
Source: May 2018 Report

To view the full up to date report from the San Diego Associations of Realtors, click here.