The spring market is here and San Diego looks different than it did 12 months ago.
30-year fixed rates are sitting around 6.1-6.2% as of mid-March. Bond market volatility from geopolitical tensions pushed them up about 12 basis points this week.
San Diego median home price is hovering near $930K — down roughly 5.7% from last year. Inventory is the highest it's been since 2020. More choices for buyers. Less pressure to bid $50K over asking.
What I'm seeing in my pipeline right now:
Bottom line: Prepared buyers are winning. Prices are off their peak, inventory is up, and rates are workable. Get pre-approved before the spring rush.
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