Why it’s a great time to sell your home RIGHT NOW!

The San Diego housing market is heating up fast for buyers and sellers. Homes are selling for more money and selling more quickly, but with LESS homes for sale. This is causing more multiple offers on the homes that are for sale.

But don’t take my word for it, the below housing market figures speak for themselves! For single family detached homes in San Diego, the median list price was $520,000 in April, a 6.3% increase from last year at this time. The median length of time that homes stayed on the market was 41 days, down from 47 last year. Finally, inventory levels (the number of homes for sale) went from 5,770 last year at this time, to only 5,055 currently.
 San Diego housing market stats for April 2015

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Quite simply, the numbers above are the ideal formula for home sellers to sell their home quickly, and for the most money. Combine that with the best time of year to sell (late spring/early summer) and interest rates under 4%, and you can see what I mean.

Local Real Estate Trends

The chief economist at Realtor.com, Jonathan Smoke, has created a list earlier this month of the 10 hottest medium-sized and large housing markets for buyers and sellers right now. San Diego is #6 on this list nationally.

“Sellers are seeing listings move between 29 and 49 days more quickly than in the rest of the country and at an accelerating pace from just last month –- an average of five days faster. Meanwhile, these markets are especially attractive to buyers, as listings are viewed two-to-three times more often than the national average.”

  1. Dallas-Fort Worth-Arlington, Texas
  2. Santa Rosa, California
  3. Vallejo-Fairfield, California
  4. Denver-Aurora-Lakewood, Colorado
  5. Boston-Cambridge-Newton, Massachusetts-New Hampshire
  6. San Diego-Carlsbad, California
  7. Nashville-Davidson-Murfreesboro-Franklin, Tennessee
  8. Ann Arbor, Michigan
  9. Detroit-Warren-Dearborn, Michigan
  10. San Francisco-Oakland-Hayward, California

If you are considering selling your home, I would be happy to speak with you further to answer any questions you have. I will list your house for a total commission of only 4%! For further information, just GO HERE to find out more!

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
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