The San Diego housing inventory is low. In fact, it's the lowest rate in four years. With only 8,000 listings available on the market, there are currently not enough homes to meet the demand of buyers who cannot find the desired homes they're looking for. Low interest rates coupled with a decline in home prices have created the larger pool of buyers looking for a deal.
Therefore, It's a great time to sell your San Diego home because we are in a "Sellers Market." The most appealing homes that hit the market are snapped up in a few days with multiple offers and prices above asking. Short sale listings that are usually not popular with buyers due to the complexities and longer than usual closing time, are going just as fast.
Buyers that are in the market to purchase a home are aggressively looking for listings and submitting offers quickly with no seller credit for closing costs.
What should you do if you're thinking of selling your home? Contact a real estate agent that will help you get your home sold in today's market.
Lorraine Santirosa is a San Diego real estate agent that helps home owners get the best possible price for their home. 619-248-5484.
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