The stats are in for September. It would seem that for detached homes the sales for last month are only slightly below the median. It is reassuring that we have bounced back from the premature August dip. I have to wonder what we might have seen if San Diego foreclosures had not been so stymied by the moratorium.
The story is slightly better for single family atached homes.
As ONE indicator of market health, things would seem to be stable. However, we will have to wait to discover if the first time homebuyer credit is extended and whether or not that has any net effect on the rate of sales. Given that 350,000 (about 20%) of all sales have been credited to the tax credit, it seems likely we could take a nosedive if the credit is not extended. As it is, if it is extended, we may still take a dip as the hard deadline to beat will have been eliminated.
If you are looking for a property that is a good investment (or can be once you are done living there), check any of the following three links:
If your are looking for other San Diego Homes for Sale, you can find them here:
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