San Diego real estate update
Home prices are climbing at a limited amount compared to last year 2015, while sellers are adjusting their list pricing to reflect actual recent sales. Last December 2015 saw a 33% average of homes on the market at reduced pricing compared to December 2014, 31% of homes at reduced pricing. This trend means that the market is stable, slightly slowing state.
California Association of Realtors statistics show homes are selling at a median of 98.2 percent of the list price during the 4th quarter of 2015. This statewide statistic has a wide margin due to the San Francisco Bay area sales prices are selling well above asking prices with multiple offers due to the very limited inventory. San Diego does not have the same results.
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