07/23/2024
π **July 2024 Housing Market Update β Downtown San Diego Condo Market** π
Exciting changes are happening in Downtown San Diego! The condo market is experiencing a notable increase in inventory, with active listings reaching 234 in June 2024, compared to just 112 at the same time last year. This over 100% increase in available condos is a significant shift in the market! π’π
However, despite this rise in inventory, sales activity remains sluggish. So, what does this mean? π€
For buyers, this increase in inventory could mean more choices and potential bargaining power. For sellers, it might be a sign to adjust expectations or be prepared for a longer time on the market.
Stay tuned for more updates and insights as we navigate this evolving market together!