Median Home Price San Diego is on the rise!

If you’re looking to sell your home in San Diego, now is the time!

In November the new national statistics on home sales were released and the results were, well they were expected. Home prices have been steadily climbing upwards for all of 2016, November saw a 5.5% increase in home prices over October. Prices now stand at an all-time high! What does that mean for median home prices in San Diego? It means that median home prices san diego have reached $500,000! That is half a million dollars! It has been about a decade since we have seen the median home price San Diego this high!
What is causing the median home price San Diego to change? Well, there are a lot of factors that go into these calculations but to put it simply, low inventory and HIGH demand. Buyers are looking to move to San Diego and sellers are looking to stay here. In October there were only 256 new home sales in San Diego County but that number is up 20% from the previous year!
If you’re a seller looking to sell your house fast to get into something new or move to another area now might just be the time! The median home price in San Diego isn’t the only one to jump, we are seeing this trend across the nation as Americans are looking to buy!
If this is your first time coming across my site, allow me to introduce myself. My name is Joe O’Meara, I’m with Keller Williams Realty La mesa, I specialize in helping sellers have a great real estate transaction, I go above and beyond to ensure that every single transaction is 100% enjoyable and I have the testimonials to prove it!
If you’re looking to sell your home in San Diego, Contact me, I will provide a 100% free no obligation home evaluation. You can also contact me day or night at [email protected] or (619) 925-1972.