Good Article on Housing in San Diego

There was another recent article published in the Union-Tribune regarding our housing market. Overall, this was a fairly positive article summarizing some encouraging changes in the market statistics (e.g., a drop in inventory and an overall rise in the median home price). Nothing especially dramatic, but the changes do suggest the correction may be nearing the end and a period of stability will follow. I track the stats myself for the towns I service and inventory is dropping (with 7-8 month inventory in many towns, except the high-end areas like Rancho Santa Fe).The interest rates are great right now, as well, which is likely helping to increase sales activity.

Of course we are now entering the holiday season which typically shows a slowing of activity anyhow, as people are involved with other activities (unless they NEED to buy). Stay tuned for more updates on the housing market as it evolves.