San Diego Real Estate Market Update: A Shift Toward Balance

The San Diego real estate market remains strong year-over-year, but we’re seeing a noticeable shift. While home prices continue to rise, the pace has slowed significantly compared to the rapid growth of previous years—especially the post-COVID surge. This shift is good news for long-term market stability, creating a more balanced environment where neither buyers nor sellers hold a clear advantage. That said, sellers have still enjoyed excellent returns in recent years!

A key change is inventory growth, paired with a decline in closed sales. This combination is why we’re seeing longer days on market. While more homes are available, buyers are taking their time—possibly due to economic uncertainty and political concerns. Job security remains a top worry, leading some buyers to hesitate despite recent interest rate drops (as low as 6.5% for a 30-year conventional loan).

Interestingly, we’re seeing busy open houses but fewer immediate offers—a sign that buyers are active but cautious. If you’re thinking about selling, strategic pricing and strong home presentation are now more critical than ever.

If you’d like an updated market valuation or personalized selling strategy, let’s connect!