June 2023 Housing Report for San Diego County

THE SUMMER HOUSING MARKET - Expect the San Diego County housing market to slow just slightly yet to remain exceptionally HOT!

The real estate market is usually cyclical throughout the year although its "seasons' don't strictly align with the calendar.  The Spring market is historically the busiest with the Summer market being the scond busiest.  The summer season is considered to run from the time kids are getting out of school in early June through the time they return around the end of August.  During the 2023 Summer market demand is expected to decrease slightly which will result in an increase in the number of available homes as more properties continue to come on the market.  The combination of decreased demand and increased inventory will bring a slight increase in Expected Market Time.

In looking at these trends, buyers may conclude that the market will slow down enought to line up in their favor.  That will not be the case  Negotiations will continue to favor seller, yet the unbelievable housing pace will slow.  Homes will still procure plent of traffic, multipile offers and sales prices above their asking prices.

The following summary applies to all of San Diego County.  For details relating to a particular neighborhood,  please email to request area specific reports. jillmiranda@jillmiranda.com