George Lorimer 619-846-1244

📊 San Diego County Housing Summary – October 1, 2025

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🏠 Inventory

The active listing inventory over the past couple of weeks decreased by 14 homes, nearly unchanged, and now stands at 5,996, its lowest level since May.

Last year: 4,771 homes on the market, 20% fewer. 3-Year Pre-COVID Average (2017–2019): 7,009 homes, 17% higher than today.

From January through August, 26% fewer homes came on the market compared to the 3-year pre-COVID average — 9,992 less. Yet, 3,610 more sellers listed this year than last, and 8,361 more compared to 2023.

📈 What's Your Home Worth?


💡 Demand

Buyer demand, measured by pending sales over the past month, dropped from 1,857 to 1,812 (down 45).

Last year: 1,801 pending sales, nearly the same. 3-Year Pre-COVID Average: 2,920 pending sales, 61% higher.

🔎 Search Homes


⏱️ Market Time

The Median Market Time is 20 days. With demand dropping faster than supply, the Expected Market Time increased from 97 to 99 days (the third time at this level in 8 weeks).* The difference is that the Median Market Time shows half the homes sell in under 20 days and half sell in over 20 days. The Expected Market Time compares the number of active homes to the market demand, as computed by pending homes over the last 30 days. 

Last year: 79 days (faster). 3-Year Pre-COVID Average: 73 days (also much faster than today).

⏳ How Long Will It Take to Sell Your Home?


💎 Luxury Market

• $2M–$4M homes: 125 → 129 days • $4M–$6M homes: 212 → 323 days • $6M+ homes: 668 → 340 days


⚠️ Distressed Homes

Short sales + foreclosures = 0.6% of listings, 1.3% of demand. Currently: 10 foreclosures + 26 short sales (36 distressed total).

Last year: only 20 distressed homes on the market.


📑 Closed Sales

• August 2025 closed resales: 2,086 (down 4% from Aug 2024, up 1% from July 2025). • Sales-to-list ratio: 97.9%. • Foreclosures: 0.1%. • Short Sales: 0.1%. • Sellers with equity: 99.8%.


Copyright 2025 — Steven Thomas, Reports On Housing — All Rights Reserved. This report may not be reproduced in whole or in part without express written permission from the author.

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In This Issue:

  1. Why Homes Sit On The Market And How To Keep Yours Moving — Diagnose the real reasons listings stall and relaunch with smart fixes in pricing, presentation, timing, and marketing.

  2. Understanding the Real Estate Transaction From Start to Finish — A clear, step-by-step walkthrough from offer to closing so you know what to expect and how to stay on track.

  3. Essential Tips For Buying In a Competitive Market — Act fast, structure stronger offers, and compete smartly without overpaying—even in bidding wars.


 

Why Homes Sit On The Market And How To Keep Yours Moving


Summary

A home that sits too long on the market becomes harder to sell—but most delays can be traced back to a few fixable issues. This report reveals the top reasons homes don’t sell quickly and outlines the proven tactics to get buyers through the door. From pricing and presentation to timing and marketing, learn how to diagnose the problem and relaunch with success


It’s a seller’s worst fear: you list your home, expecting offers—and then nothing. No showings, no offers, and no clue what went wrong. The longer your listing lingers, the harder it becomes to attract buyers. But don’t panic. Most stalled sales can be turned around with the right strategy. Here’s how to find out what’s holding you back—and how to fix it.

Why Homes Sit On The Market And How To Keep Yours Moving Why Homes Sit On The Market And How To Keep Yours Moving

Top Reasons Homes Sit on the Market

  1. Overpricing
    This is the #1 reason homes don’t sell. If buyers think your home is overpriced—even slightly—they won’t bother to tour it. Online search filters and price comparisons make overpricing easy to spot. Fix: Reevaluate your price based on comps, showing feedback, and agent advice.

  2. Poor Listing Photos
    Your online listing is your first impression—and bad photos can kill buyer interest instantly. Dim lighting, cluttered rooms, or vertical phone photos won’t cut it. Fix: Hire a professional photographer and consider a 3D tour or video walkthrough.

  3. Lack of Curb Appeal
    Buyers form opinions before they step inside. If the lawn is overgrown, the paint is chipped, or the entryway feels neglected, you’ve lost momentum before the showing begins. Fix: Tidy up landscaping, repaint the front door, and power wash the exterior.

  4. Limited Showing Availability
    If buyers can’t get in, they won’t buy. Homes with restricted showing hours or last-minute cancellations deter busy agents and motivated buyers. Fix: Make your home easy to show—consider a lockbox and stay flexible with your schedule.

  5. Weak or No Marketing
    Just listing on the MLS isn’t enough. Without strategic marketing, many buyers won’t even know your home exists. Fix: Work with an agent who uses digital advertising, social media promotion, targeted outreach, and staging to make your home shine.

  6. Unusual Layout or Condition
    Homes with quirky floor plans or outdated features can be harder to sell. Fix: Highlight unique positives, offer design suggestions, or consider minor updates (lighting, paint, flooring) to boost appeal.

  7. Negative Buyer Feedback Ignored
    If multiple buyers or agents provide the same feedback—listen. Whether it’s a pet smell, a dark room, or an awkward space, ignoring buyer concerns can cost you time and money. Fix: Act on consistent feedback quickly to remove objections.

How to Relaunch or Refresh Your Listing

If your home has already been on the market for several weeks or months:

  • Take the listing temporarily off-market and relaunch with changes
  • Adjust the price to realign with buyer expectations
  • Refresh the photos, description, and staging
  • Promote the listing as “Back on Market” with a strong marketing push

Work With a Proactive Agent
Your agent should provide regular updates, showing reports, and a plan to address obstacles. If they’re slow to act or dismiss your concerns, it may be time to reevaluate your partnership.

Conclusion:
Homes don’t just sit without reason. With the right diagnosis and a smart refresh, you can reignite buyer interest and get your home sold. Don’t settle for a stagnant listing—make the changes that matter and take control of your sale.


 

Understanding the Real Estate Transaction From Start to Finish



Summary

Real estate transactions can feel overwhelming—but they don’t have to be. Whether you’re buying or selling, understanding the full process from offer to closing puts you in control. This guide breaks down each stage of the transaction in simple terms so you know what to expect, what’s expected of you, and how to stay on track. Confidence starts with clarity—get it here.



The real estate transaction is more than just signing a few papers—it’s a coordinated series of steps involving multiple people, documents, and deadlines. Understanding how it all works can help you make informed decisions and avoid costly mistakes. Here’s how a typical transaction unfolds from beginning to end.

Understanding the Real Estate Transaction From Start to Finish Understanding the Real Estate Transaction From Start to Finish
  1. The Pre-Listing or Pre-Buying Phase

      Sellers: Choose an agent, prepare the home, gather paperwork, and determine your pricing strategy.
      Buyers: Get pre-approved, define your budget, hire an agent, and begin viewing homes.

  2. Making (or Receiving) an Offer

      Buyers: Submit an offer with price, contingencies, and proposed timeline.
      Sellers: Accept, reject, or counter the offer.
      Key components of the offer:
      • Purchase price
      • Financing method
      • Earnest money deposit
      • Contingencies (inspection, appraisal, financing)
      • Closing date

  3. Offer Accepted – Escrow Begins

    Once the offer is accepted and both parties sign, the home goes into escrow (or under contract). This period is when inspections, appraisals, and title work happen.

  4. Inspections and Negotiations
      Buyers schedule home inspections and may request repairs or credits based on findings.
      Sellers respond to requests, either agreeing, offering alternatives, or standing firm.

  5. Appraisal

    If the buyer is using a mortgage, the lender orders an appraisal to ensure the home’s value supports the loan. If it appraises low, price negotiations may follow.


  6. Title Search and Insurance

    A title company or attorney checks for liens or legal issues and ensures the property can legally change hands. Title insurance protects both buyer and lender.


  7. Final Loan Approval (Buyers Only)

    After inspections and appraisal, the lender finalizes loan underwriting. The buyer receives a Closing Disclosure outlining final costs.


  8. Final Walkthrough

    Usually 24–48 hours before closing, the buyer walks through the home to confirm it’s in agreed-upon condition and repairs (if any) are complete.


  9. Closing Day

    Both parties sign legal documents:

    • Deed transfer
    • Mortgage papers (buyer)
    • Settlement statement
    • Title/escrow closing documents

    Funds are transferred, keys are handed over, and the transaction is officially closed.


  10. After Closing
      Sellers: Pay off mortgage, cancel utilities, forward mail
      Buyers: Get utilities in their name, update address, move in!
Common Roles in a Transaction
  • Real Estate Agent Guides you through the process and negotiates terms
  • Lender Provides financing
  • Title Company / Lawyer Manages legal documentation and money transfers
  • Inspector Evaluates home condition
  • Appraiser Assesses property value

Whether you’re buying or selling, real estate doesn’t have to be confusing. By understanding each step in the process, you’ll be able to ask the right questions, meet important deadlines, and reduce your stress along the way. A good agent will help—but knowledge is power. And now, you’ve got it.


 

Essential Tips For Buying In a Competitive Market



Summary

In today’s fast-paced real estate market, competition is fierce, but with the right strategy, you can still come out ahead. This guide gives you the tools to act quickly, structure strong offers, and stay grounded through bidding wars. From pre-approval to escalation clauses, you’ll learn exactly how to compete smartly and avoid overpaying. Perfect for buyers navigating high-demand neighborhoods or tight inventory.



Essential Tips For Buying In a Competitive Market Essential Tips For Buying In a Competitive Market

In a hot housing market, homes can sell within days, or even hours. Bidding wars, multiple offers, and low inventory make it tough for buyers to compete. But with the right strategy and preparation, you can still win. This guide outlines essential tips that will help you navigate a competitive market, craft a winning offer, and land the home you love, without overpaying or getting discouraged.

1. Get Pre-Approved, Not Just Pre-Qualified

In a fast-moving market, you need to act fast. Sellers won’t wait for financing uncertainty. A mortgage pre-approval shows you’re serious, qualified, and ready to close. It can give you a major edge over buyers who haven’t secured their financing yet. Make sure your pre-approval letter is updated and includes the lender’s contact info for quick verification.

2. Understand the Market Before You Shop

Know what you’re walking into. Research recent sales, price trends, and how quickly homes are selling in your target area. Are homes selling above asking? Are there frequent bidding wars? Your agent can provide local insights that help you form a realistic strategy and avoid overbidding out of panic.

3. Work With a Responsive, Experienced Agent

Speed matters. A strong buyer’s agent will send you listings quickly, book showings fast, and help you write clean, compelling offers on short notice. Choose someone who knows the local market and has a track record of helping clients succeed in competitive environments.

4. Prioritize Your Must-Haves and Dealbreakers

You may not get everything on your wish list. Make a clear distinction between “must-haves” and “nice-to-haves.” Being flexible on finishes or non-essentials can open up more opportunities and give you room to compete where it matters most.

5. Be Ready to Tour and Offer Quickly

In fast markets, homes can receive offers the same day they’re listed. If you see something you love, don’t wait. Block time in your schedule for short-notice showings, and be prepared to make a decision quickly. Have your agent help you evaluate the home and craft an offer that same day, if necessary.

6. Write a Strong, Clean Offer

Avoid unnecessary contingencies. The fewer conditions your offer has, the more appealing it is to the seller. Include a high earnest deposit to show you’re committed. If possible, match or exceed the asking price and offer flexible terms (like a rent-back or quick close) if that’s important to the seller.

7. Consider an Escalation Clause (Use With Caution)

An escalation clause automatically raises your offer in response to competing bids, up to a maximum amount. It helps you stay competitive without blindly bidding high. But be cautious—this reveals your price ceiling and may invite counteroffers. Use only in collaboration with an experienced agent.

8. Write a Personal Letter to the Seller (Optional)

While not always appropriate or effective, a heartfelt letter can sometimes sway a seller, especially if they have emotional ties to the home. Share what you love about the property and how you envision your future there. Keep it brief, respectful, and positive.

9. Stay Calm in Bidding Wars

If a home attracts multiple offers, emotions can run high. Decide your top price ahead of time and stick to it. Don’t escalate beyond your budget just to “win.” There will always be another opportunity, and smart buyers know when to walk away.

10. Be Mentally Ready for Rejection

In tight markets, you may lose out on one or more homes before you succeed. Don’t let frustration cloud your judgment or push you to overpay. Stay committed to your goals, adjust your strategy if needed, and trust the process. Many buyers eventually land an even better home than the one they lost.

11. Expand Your Search Criteria

If you’re consistently outbid, consider widening your search radius or rethinking some of your must-haves. Sometimes moving just 5–10 miles outside your preferred neighborhood can reveal more affordable options with less competition.

12. Get Your Financials in Order

Make sure your funds for the down payment and closing costs are easily accessible. Avoid major financial changes, like switching jobs or taking on new debt, during the homebuying process. Your lender will re-check your financials before closing and keep things stable.

Buying in a competitive market isn’t easy, but it is doable with the right strategy, preparation, and mindset. The most successful buyers are informed, responsive, and ready to act fast. Use these tips to stay ahead of the competition, avoid costly mistakes, and secure your next home with confidence.


 

Meet George Lorimer San Diego broker and realtor

Who Is George Lorimer?

I’m George Lorimer, a lifelong San Diegan, dedicated to helping homeowners sell with certainty and confidence.

  • Married to Lynn, a teacher at Del Sur Elementary

  • Father of two daughters, Caleigh and Becca

  • Born in San Diego, raised in Del Mar

  • Torrey Pines High School graduate

  • UCSD - Bachelor of Arts

  • SDSU - MBA, emphasis in Real Estate

  • Track Record: Over 1,000 homes sold (average agent sells 3–4 per year)


Don’t Risk Your Home with the Wrong Agent

I offer 100% Satisfaction Guaranteed or Cancel the Listing and Pay Nothing!* 

Other agents who don't offer and don't understand my programs may think they aren't real, but they are and help people. 

Ask yourself:

  • Do you want more options, more homes to see, and flexible fees? 

  • Is guaranteeing satisfaction or paying nothing important to you?

  • Want to collaborate and get your results? 


Call/Text George Lorimer at 619-846-1244 today.

Discover if we're a good fit and learn the simple steps we’ll take together to sell your home in your timeframe while maximizing your profit.

ProWest Properties, DRE# 01146839. Conditions apply. (Picture of the Lorimer family in 2025). 

 

How to avoid the first mistake that San Diego home sellers make

What's My Home Value?

If you’ve been wondering what's going on in the San Diego housing market, here’s a quick reality check:

  • Approximately 35% of homes never sell the first time they are listed on the market.
  • 60% cut their asking price before selling.

The reason I tell you this is that there's an opportunity to buy at a good deal in this market.

And if you're thinking of selling, don't price your home speculatively.

For example, these speculative sellers say things like,

"If I could get this price, I'd sell."

(usually "their price" is higher than today's market value). 

For buyers, it becomes clear that the price may or may not have been based on today's statistics.

Search New Hot Listings

For sellers, it's evident that unless you price it right, you may not sell.

Here's my simple 3-step strategy that's helped over 1,000 sellers.

1) Determine that you are committed to selling.

2) Then price your home against competing listings, the homes buyers are comparing yours to.

3) Listen to feedback from the market and buyers and implement changes.

Do this right, and you create urgency, competition, and the best chance of selling for top dollar.

Call or text me, George, at 619-846-1244 to get your Complimentary Home Seller Report.

All the best,

George Lorimer

Secret selling options that other agents don't offer.


 

 

San Diego County Housing Report: Go for Gold, No Waiting


Strongest Cash Offer

San Diego County Housing Report: Go for Gold – Don’t Wait 

August 6, 2024
Mortgage Rates have plunged from 7.5 to 6.52% today, opening up a window of opportunity for buyers who should not wait.

 
A Window of Opportunity
Since rates have dropped in anticipation of future Federal Reserve rate cuts, now is the ideal time, and waiting will prove to be the incorrect strategy.
 
Olympic gold medal winners perfect their game plans and execute precise timing and strategy to succeed. On the track, many runners wait too long for their final push and cross the finish line out of medal contention. The commentators exclaim that they “should have gone sooner.” The athletes are left second-guessing themselves, wishing they had not waited.

Get a free copy of this report.
 
Many buyers have been sitting on the sidelines, waiting for rates to come down. Now that rates have plummeted from 7.5% in April to 6.52% today, according to Mortgage News Daily, many buyers wonder if they should pull the trigger and purchase now or wait for rates to fall further. Sitting on the fence and waiting will prove to be the incorrect strategy, leaving many to wish that they had bought sooner.
 
Long-term, 30-year mortgage rates move ahead of the Federal Reserve Rate cuts. The Federal Reserve (Fed) has not cut rates once since the historical increases from 2022 through 2023, yet mortgage rates have moved all over the place, even eclipsing 8% last October. The movement is based on where investors believe the direction that the Fed’s short-term Federal Funds rate policy will move.

With inflation continuing to ease, the job market cooling, and unemployment rising, it is becoming increasingly clear that the FED is too restrictive, and they will need to cut rates when they meet in mid-September. As a result, in less than two weeks, mortgage rates have plunged from 6.91% to 6.52% today. September’s rate cut, currently projected to be a 0.5% snip by Wall Street, is already baked into today’s mortgage rates. When they do trim the Federal Funds rate in September, do NOT expect mortgage rates to drop another 0.5%. This is where buyers sitting on the sidelines are mistaken. They hear that the Fed will cut, but the headlines and news refer to the short-term Federal Funds rate, not long-term mortgage rates. When they do cut, expect credit card, automobile, and equity lines of credit rates to all drop, which are all tied to the Federal Funds rate, but NOT long-term rates utilized in purchasing homes.

Sincerely,
Steven Thomas
Quantitative Economics and Decision Sciences
 Copyright 2024—Steven Thomas, Reports On Housing—All Rights Reserved. This report may not be reproduced in whole or in part without express written permission from the author. Our report license allows us to distribute to consumers, not other licensees or affiliates, title escrow, and mortgage.Â