26 Jun San Diego real estate breaks more records
San Diego real estate shows no sign of slowing down, just in time for the brisk summer selling season.
San Diego real estate is the #5th “hottest” real estate market in the country in June, according to a new real estate report released last week. That’s up from the #8th “hottest” market out of the top 10 cities in the country in May. Real estate in San Diego had reached the highest rank at that time, but June’s figures broke that record once again.
San Diego real estate study results
National statistics back up the figures and interest in San Diego real estate. The National Association of Realtors’ website found San Diego homes for sale were on the market for a median of 40 days, compared to 65 days nationally. That’s in part driven by a few factors, including pent up demand and historically low mortgage rates. Demand is a thorny issue, as the area is a sellers’ market. San Diego homes for sale often get multiple, competing offers. That shows no sign of showing down anytime soon.
California led the list of the “hottest” markets with 7 out of the 10 markets, led by Vallejo-Fairfield near San Francisco.