Let's check out what's happened in the San Diego real estate market over the past week!
Housing inventory has been on a slight upward trend since last month. For the second week in a row, the number of new listings has exceeded pending sales by a narrow margin. Closed sales continued to dip, which corresponds to a drop in new listings last month.
This week, interest rates edged up slightly. Many industry experts are predicting that rates will trend down over the next several weeks.
Will new listings continue to outpace pending sales? We'll be back next week with another update!
-- Eric Edelman, Realtor Deva Edelman, Realtor Century 21 Affiliated | DRE# 01430055, 01430056 9888 Carmel Mountain Road, Suite A San Diego, CA 92129 Phone: 858.673.7573 Email: [email protected]