Real Estate Blog

Demand down, inventory up slightly

Let's look at the prices and days of inventory

We all thought that the mortgage rates approaching 7% would cause buyer demand and San Diego home prices to drop... But this is what's happening.

Last year versus this year, 22% fewer homes are canceled, expired, and withdrawn.

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There is a massive decrease in homes under $1,000,000 and a considerable increase in $1,000,000+ homes.

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Why do some buyers go months, or years, without getting their offer accepted, and other buyers on the first try?