SAN DIEGO MARKET
KEY METRICS (Updated Aug 2022)
$835K
Median Home Price
$3,288
BAH
(E-7 with Dependents)
$3,726
BAH
(O-4 with Dependents)
1.9
Months of Inventory
5.29%
Avg 30-Year Fixed Rate Loan
4.60%
Avg 15-Year Fixed Rate Loan
San Diego Market Reports
Below reports are samples of what Onwing can provide our clients. We can provide reports for any zip code(s) in San Diego County that you may be considering.
July 2022 San Diego County Market Stats
Key takeaways from market trends:
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Decreasing buyer demand is reflected in the Months Supply of Inventory stats, which is finally showing movement away from the extreme sellers' market.
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Decreasing buyer demand = Less competition and downward pressure on home prices
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Prices are indeed leveling off from their crazy highs, and sellers are making more price reductions
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Normal buyer contingencies/protections are coming back to transactions.
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Increased buyer hesitations are leading to more competition for rental properties = rents are continuing to increase significantly
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Home builders are getting especially motivated to sell completed homes as they foresee increased economic headwinds and want to offload inventory to reduce holding costs.
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Interest rates have continued to fluctuate above and below the 5% mark in reaction to federal monetary policies currently enacted to stem broader inflation. Expect more of that wild ride to continue for some time.