It is GOOD to be a buyer again. After five years of a dominant sellers market, buyers finally have some choices and leverage. We aren't saying prices are crashing, but buyers now have more opportunities to choose from. We are seeing great homes come on the market and selling at reasonable prices.
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In La Jolla, inventory has more than doubled. For years we hovered around 50 active listings. Today, that number is over 116. With 22 sales in the last 30 days, we’re sitting at roughly five months of inventory—that is a pretty balanced market for the amount of people and properties in the zip code.
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In a transitioning market like this, having your finger on the pulse is key, whether you're pricing a listing or writing an offer. We’re here to help you navigate it all and would love to talk about your next move!
