Lowest and Highest Inventory of Housing in San Diego County 2019 May
Here is the most recent data on housing inventory in the San Diego Real Estate Market.
In high demand areas there doesn’t seem to be enough inventory for home buyers looking to buy a home or condo in San Diego and in other areas the housing inventory is building up. These numbers constantly fluctuate over the years and it’s interesting to see what’s hot on the San Diego Real Estate Market currently in spring/summer of 2019.
This number is a constantly moving gauge of the health of the real estate market. Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of monthly home sales. For example, if there are 40 homes on the market and 8 homes selling each month, there is a 5 month supply of homes for sale. Typically, communities with low month’s supply have more buyers than sellers; a high month’s supply means there are more sellers than buyers.
Here’s a cool graphic to show hot and not so hot areas in San Diego County.
San Diego County’s 10 communities with the lowest and highest inventory levels based on homes available for purchase.
The Top 10 Performing San Diego Markets
Market Months of Inventory
1 Vista W 2.27
2 Tierrasanta 2.67
3 Sorrento Valley 3.00
4 Oceanside E, Rancho Del Oro 3.09
5 Paradise Hills 3.25
6 Rancho Penasquitos 3.39
7 Chula Vista S 3.41
8 Mira Mesa 3.56
9 Cardiff 3.70
10 Encanto 3.75
The Bottom 10 Performing San Diego Markets
Market Months of Inventory
1 Hillcrest, Mission Hills 26.83
2 Rancho Santa Fe 21.90
3 Bonsall 20.00
4 Mission Beach, Pacific Beach 17.67
5 La Jolla 17.19
6 Coronado 13.54
7 Serra Mesa 12.20
8 Solana Beach 10.88
9 Oceanside S, Fire Mtn. 10.58
10 Rural East County 10.54
Reading into these numbers it doesn’t show me that the areas of high inventory are not desirable areas to buy in. It shows me that buyers are looking in more affordable areas because they may be first time home buyers or price conscious. The bottom performing markets as you can see are some of the most expensive areas in the county. Many factors determine inventory levels so don’t read too much into them. It could just mean for this particular month in a particular community there were less buyers and more sellers. But keep in mind if inventory levels get higher it means that if you’re interested in buying in a community with higher inventory levels you may be able to get a deal if homes stay on the market for longer periods of time. Sometimes sellers just can’t wait it out.
The “price it right rule” always applies. If a home is priced correctly in the market it will sell. If it’s not, it will sit and if lots of homeowners selling have the same mindset the inventory may surely build up.
The Lewis Team San Diego Real Estate Experts!
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