Are you still thinking about whether or not to put your home on the market for sale in San Diego? With what’s going on in the current real estate landscape, it presents a few compelling reasons to make a move. Let’s delve into the numbers, shall we? Recent data from an article by Calculated Risk reveals a notable 15.6% uptick in available homes compared to last year, signaling a growing inventory and more listings gradually coming into the market. However, compared to 2019, a year deemed more typical for the market, there’s still a 40% decline in the available housing stock for buyers to choose from. This shift creates a golden opportunity for sellers and even those on the purchasing side. Let’s explore how this advantageous scenario works to your benefit.
Expanding Opportunities: Navigating San Diego’s Growing Housing Market
Are you considering selling your home due to space constraints or shifting preferences? Well, here’s the exciting news and catch: With the continuous growth in the housing market, your options are slowly expanding! Whether you’re in dire need of a larger house, maybe contemplating downsizing, or simply just craving a change, the increasing inventory means you’re more or less likely to find your ideal home that fits your preferences.
If concerns about finding the right property were holding you back before, fret not. This surge in options eliminates those worries and opens up many possibilities and new listings. Partnering with a local real estate expert in your area also ensures you’re kept abreast of the latest listings in San Diego when or before they even hit the market. Seize the opportunity presented by today’s thriving market and embark on your home-selling journey with confidence!
San Diego’s Housing Market: Low Competition, High Potential
Furthermore, even with the uptick in available homes for sale, competition continues to remain notably subdued, particularly when contrasted with usual market dynamics. Remember the data from the Calculated Risk we mentioned before: San Diego’s housing inventory presently stands at approximately 40% below its 2019 levels. This substantial shortfall isn’t expected to be rectified swiftly. A recent article from Realtor.com underscored this ongoing trend, emphasizing the enduring impact on the local housing landscape.
“. . . the number of homes for sale and new listing activity continues to improve compared to last year. However the inventory of homes for sale still has a long journey back to pre-pandemic levels.”
This translates to an advantageous situation for people on the seller’s side. By collaborating with an agent to accurately price your property to sell, you can attract considerable interest from eager buyers, potentially leading to a swift sale. In essence, finding the optimal listing price, in conjunction with effective marketing strategies, can significantly increase the visibility of your home and expedite the selling process.
Wrapping it all Up
To sum all things up, for homeowners still contemplating putting their property on the market, San Diego’s current real estate landscape offers an exceptional chance for this exciting opportunity. The market is ripe with various options for your next dream home, and competition from other sellers remains relatively subdued. Seizing this advantageous moment could be the key to maximizing your selling potential. So if you are ready and well-prepared to embark on this exciting journey, please don’t hesitate to get in touch with a trusted local realtor in your area like the McT Real Estate Group here in San Diego, and let’s kickstart this endeavor together.