Are Home Prices Dropping? | San Diego Real Estate & Housing Market Update (April 2024)

San Diego Housing Market Update for April 2024. Find out what you can expect from the San Diego real estate market over the next 90 days...
0:00 - Intro
1:18 - How we are in a seller's market and why values will trend up
5:10 - Why homes will sell in 13 days or less
8:05 - Why homes will sell above asking price
10:11 - Why the median sales price will break all time highs
12:25 - Recap
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🏆 Top Rated as One of The Best Real Estate Agents in San Diego 🏆
Jesse Morrison
San Diego Realtor - DRE# 01476958
Brokered by HomeSmart Realty West - CA DRE: 01905908
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📰 SOURCES 📰
- Music used: Bensound | License code: NLXNDMNWMDZUEBMX
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[@JesseMorrisonGroup]

🙋‍♂ STEP 1 → Moving? GET HELP 🙋‍♀ ► Schedule Your Call: call.jessemorrisongroup.com/ ► Send an Email: [e-mail] 👇 STEP 2 → Questions? COMMENT BELOW 👇

[@Stantonesque]

How do you feel about Spring Valley?

[@JesseMorrisonGroup]

Thanks for reaching out. Are you asking about Spring Valley values, market trends, or if it's a good place to live and/or invest into? Since this video was about market trends, I'm going to answer by saying that Spring Valley follows a very similar pattern as San Diego County does as a whole. Currently, there is actually less inventory in Spring Valley which means values will continue to climb as they have been. HOWEVER... several parts of Spring Valley were hurt by the flooding from a couple months back and sales prices might reflect a slight dip from those owners looking to move because of distress.

[@Stantonesque]

@@JesseMorrisonGroup How fast have houses been going? Have you seen a tick up in inquiries due to seasonality? Thanks for your reply!

[@JesseMorrisonGroup]

@@Stantonesque Spring Valley has been tracking San Diego County pretty closely. In other words, Spring Valley's trends are very similar to San Diego County as a whole. Home's in Spring Valley have been selling faster since the beginning of the year and should continue that trend for the next couple months before slowing down. Right now, it's only taking 7 days to sell a house in Spring Valley vs 13 days in San Diego County. Here is a link to a real-time graph outlining what I'm saying: sdmls.stats.showingtime.com/infoserv/s-v1/pWKt-el0