Realtor.com's analysts are forecasting that San Diego, California is positioned to claim the spot as the fourth most thriving real estate market in 2024, underscoring the vibrancy of the city's property landscape.
In the ongoing interplay between San Diego's identity as a buyer's or seller's haven, this year is expected to maintain its dynamic nature. However, the enticing prospect of more favorable mortgage rates and a surge in available properties could shift the balance in favor of potential buyers.
With anticipated continued drops in interest rates on the horizon, there's a palpable sense of renewed enthusiasm among both buyers and sellers. The resulting influx of available inventory plays a crucial role in enhancing the affordability of homes, broadening access to the market, and reigniting excitement in San Diego's real estate scene.
Looking back on December 2023, the median price of resale homes in San Diego experienced a dip, settling at approximately $949,000.00 for single-family homes. While none of us can predict the future, at Shea Real Estate, we exude enthusiasm and excitement for the possibilities that 2024 holds for the real estate landscape!
Here is the list of metropolitan areas poised for notable growth:
Toledo, Ohio
Oxnard/Thousand Oaks/Ventura, California
Rochester, New York
San Diego/Chula Vista/Carlsbad, California
Riverside/San Bernardino/Ontario, California
Bakersfield, California
Springfield, Massachusetts
Worcester, Massachusetts/Connecticut
Grand Rapids/Kentwood, Michigan
Los Angeles/Long Beach/Anaheim, California
If you're eager to be a part of this exciting journey in San Diego real estate, let's connect and explore the opportunities together!