We’ve passed the midway point of a very unusual year, and many of our clients, friends, and family have been asking us ‘what the heck is going on with real estate?’ The national news reports on the real estate market, but what we San Diegans see around us doesn’t really match the national picture. We know that’s confusing, so we’re going to give you a mid-2020 Market Update for San Diego and its micro markets.
Yes, home showings in North America (including San Diego) experienced a deep dip in March and April caused by COVID-19 but were back to pre-COVID levels by early May. They’ve been rising ever since. The Housing Market Recovery Index is almost back to its February 1st level.
Aside from showings, though, San Diego’s stats have been quite different from the national averages:
Here’s the macro view of San Diego:
We know how to navigate these micro-markets, and we welcome your referrals:
COVID-19 has put many people’s real estate plans on hold, while it’s revealed an opportunity to just as many others. If you have any questions about this San Diego market update, and what it means for you, please don’t hesitate to call me at 619-977-4650.