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2020 May Real Estate and Mortgage Trends – San Diego, California

by | May 14, 2020 | Market Trends

The housing market finds some footing for Spring and buyers continue to enter the market keeping demand alive. Potential buyers are taking advantage of the low rates and lower competition. While national inventory remains low and sellers pull listings and more lower-priced homes have become available for buyers. Because there are a limited number of homes for sales, prices will keep stable with an expectant 2-3 percent fall by October.

While mandates slowly lift regionally, more motivated buyers will get out to buy.

Industry professionals feel home sales may not pick back up regularly until the end of second quarter but believe things will move quickly thereafter.

Have questions or want to know more about your local market? Give me a call any time.

CONTACT TIM VAN DAMM FOR A PRIVATE SHOWING
(858) 663-0911

The #1 Luxury Real Estate Specialist in Rancho Santa Fe & North County San Diego For Berkshire Hathaway
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