Here in San Diego according to our local MLS (multiple listing service) we currently have 6,608 detached homes for sale and 2,094 condos and town homes for sale which is a total of 8,702.
With that said last 30 days back from today San Diego has sold 2,365 condos and homes. Given that information we currently have about a 3.5 month supply of homes should nothing else come on the market.
A normal market is around a 6 month inventory at any given time. With that said being that we only have a 3.5 month supply of condos/homes for sale that means chances of you selling your home now for top dollar is excellent. Reasons being, there is less competition, buyers are out there buying, interest rates are low and inventory is being sucked up.
So is it a good time to sell in San Diego? Given the facts, I would say yes. If you or anyone you know wants a free market analysis on your home emailed to you every month keeping you up to date on the price of your home and whats happening in your neighborhood send me your name, address and phone number via email at Tony@TonyRElias.com and I will enroll you in our service.
Have a great day
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