Hope Leitner, Realtor®, CRS

  The summer real estate market is HOT HOT HOT! In other words, we are in a normal market. Which is a relief after the roller coaster of the last few years.  Higher interest rates are not deterring buyers, and sellers are still at the top of the current market.    Below you'll find the housing report for the current month along with data from the preceding months. San Diego County continues to have with an inventory shortage, even with lots of new construction. The average cost of a home has risen, but that doesn't mean there aren't still some affordable properties out there. Especially if one is open to a denser option than a single family home.    Whether you're contemplating a purchase or sale, I invite you to reach out. Let's discuss your options within the dynamics of our distinctive housing market, ensuring your decisions align with the current trends and realities.   If you know anyone who might be interested in receiving this market update every month, pleas

 Summer is in full swing!  The fair is open!  Evening pool time is a thing now! The real estate market is HOT! This promises to be a normal summer real estate market -  some higher prices out there, demand is high - but, nothing crazy like we in the last few years.   July - Ponder this -  This is so San Diegan! - "If you're not barefoot, then you're overdressed."  – Unknown I am here for you, your family, and your friends. Whether you own a home or you are looking to buy or sell one, I'm here to help. If you know anyone who might be interested in receiving this event calendar every month, please have them sign up at this  link.

  You may have heard that there are more  brand-new homes  available right now than the norm. Today, about  one in three  homes on the market are newly built. And if you’re wondering what that means for the housing market and for your  own move , here’s what you need to know. Why This Isn’t Like 2008 People remember what happened to the housing market back in  2008 . And one of the factors that contributed to that crash was that there were too many  homes for sale . While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new home construction has ramped up. Even though the supply of new homes has grown this year, the data shows there’s no need to worry. Builders aren’t overbuilding, they’re just catching up.  The graph below uses data from the  Census  to  show  the number of new houses built over the last 52 years. Following the crash in 2008, there was a long period of underbuilding ( shown in red ). And