San Diego Real Estate & Housing Market Update (June 2024)

[@JesseMorrisonGroup]

🤔👇 COMMENT BELOW → What is your biggest question or concern about today's San Diego housing market❓

[@richardstiles6039]

Prices are out of control -- the monthly payments are not sustainable --

[@JesseMorrisonGroup]

Yes. Prices are very high. San Diego is one of, if not ”the”, most expensive cities to live in with the entire country. However, it will continue to be that way as long as demand outpaces supply.

[@lanlam9959]

Eventhough, at the current inventory was 2.1 but it's nice to know if it was increasing or decreasing since last week or last month

[@JesseMorrisonGroup]

That is an excellent question/comment. Inventory was at 1.7 months supply in May. It has been ranging between 1.5-2 months of supply since the first quarter of 2022. So, it is up slightly since last month, but hasn't really changed much in the last 2 years. Here is a link that shows the data points in real time... this is the source I reference in my videos... You'll notice the numbers are slightly different than what I just mentioned, but that is because the source updates itself with the most accurate info it can from it's direct feed from the MLS when it comes in and the data is slightly delayed based on when a realtor inputs their sale info: sdmls.stats.showingtime.com/infoserv/s-v1/sjpH-SIu

[@raffiart5121]

CA housing crisis is all self inflicted. A combination of tough regulation which makes it extremely hard to build plus relatively low property tax which encourages people to literally hoard houses has caused this ridiculous high prices.

[@JesseMorrisonGroup]

@@raffiart5121 That's a fair assessment.