Here are the May 2022 Market Reports for 11 North San Diego County communities. And here’s the market report for April in North County.
Our housing market in May 2022 saw some changes taking place. Inventory remains tight but shows improvement but not enough for the demand. Buyer demand is still strong.
The information in these market reports is derived from our MLS. Thus, while data are believed to be accurate when these reports were compiled, information is not guaranteed.
Market reports help me assist buyers and sellers make informed selling and buying decisions. Furthermore, understanding current housing market conditions will benefit you with purchase and sale decisions.
In general, local market conditions impact buying and selling because of supply and demand. As a result this affects time on the market, competition, and sales prices relative to list prices.
It’s well known that real estate truly IS local!! Thus, you cannot believe what you see in media headlines! Media reports are far too general, and often not consistent with current local conditions.
LEARN MORE – Real Estate is Local, but HOW Local?
Each buyer and seller situation is unique. I’m happy to share insights on what market trends mean for your personal timing, budget, expectations and decision making. This can be specific to the market segment that interests you – zip code, neighborhood, size of house, or price range.
Is the Carlsbad real estate market of particular interest? If so, the May 2022 Carlsbad market report is here.
The other individual market reports for 10 other North County communities are on my ActiveRain blog. You can view them all here (links to my ActiveRain blog home page). You’ll also find articles about real estate issues, North County communities, neighborhoods, things to do, and general information.
CLICK on the individual market report links below for the MAY 2022 statistics for each community. May was a fairly busy time for buyers, sellers, and agents, with shifts in average prices, inventory, and sales volume from April. However, while there were some general trends, each community is different.
Please call me at (760-840-1360) to discuss your particular housing needs, budget, and real estate decisions you hope to make. We can also talk about what to expect in this shifting market.
The housing market still favors sellers overall despite the general improvement in inventory. So there are important issues to consider, including planning your offer strategy, or deciding on a list price.
There are particular challenges due to timing and coordinating both transactions, if you plan to sell AND buy.
NORTH SAN DIEGO COUNTY MARKET REPORTS
Cardiff by the Sea Market Report
NEXT STEPS FOR BUYERS & SELLERS
Please reach out to me directly or send a text to (760) 840-1360 with any questions. You can email me at JeffDowlerSolutions@gmail.com if you prefer.
Do you want information about the local housing market, or have any questions? Let’s talk more.
If you plan to purchase a home I will guide you through your home search and purchase process.
Are you just interested in the market value of your home? I can help with that, too.
GETTING PRE-APPROVED
Do you need to get pre-approved for a loan? If so, I can share contact information of several lenders I know personally so you can decide who to call. A pre-approval is necessary when buying a home, unless you have cash, and many people don’t. Furthermore, a pre-approval helps you understand your purchasing power. In this fast-moving and competitive market you need to know what you can truly afford when considering making an offer.
In addition, sellers and their agents will expect proof you are financially qualified with your offer.