A Greater Amount of Housing Inventory to Choose From While Rates Remain Low
Hey San Diego! We’re entering the fall months which is typically a time when things start to slow down (just a little)! Real Estate last month was steady with more inventory of homes for sale coming on market!
This month I noticed prospective buyers who have continued to persevere in a tight market, are now able purchase as we have more inventory and a smaller buyer pool. The buyer pool lessened around the beginning of summer when Covid restrictions were loosened, priorities may have changed, or due to buyers deciding to rent and wait out the tight market. The problem with renting and waiting can be summed up in two words, purchasing power.
All of these changes affect home values, including yours. If you want to know the new value of your home, send me a quick message! Ashley Peterson, Realtor
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