San Diego Housing Inventory & Interest rates April 2024

April San Diego Real Estate Market Update

In March, 41% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 2,023 fewer. Last year, there were 2,101 homes on the market, 651 fewer homes, or 24% less. The 3-year average before COVID (2017 to 2019) was 5,846, or 112% extra, more than double.

This year, mortgage rates have been bouncing between 6.6% and 7.1% with duration. Rate volatility has diminished dramatically since 2022. With less volatility, demand has risen despite today’s higher mortgage rate environment. Consequently, the difference between the active listing inventory and demand has narrowed. 

• 2,752 active homes currently on the market
• 1,889 pending sales
• 863 homes is only the difference

Check the quantity of SOLD homes and median prices by a city

I always monitor the real estate market and am happy to share some insights and industry news with you.

Please go to my website  IrynaSDrealtor.com  and download the full April 2024 Report on Housing provided by Steven Thomas, economist.

Feel free to reach out to schedule a meeting or simply to chat about your real estate goals and I will outline a strategic plan to achieve them.

Iryna Iniguez, Realtor ® DRE 02067232

IrynaSDrealtor.com

irynainiguez@gmail.com

Coldwell Banker West