Despite rising home prices, a local real estate agent predicts a more stable market and increased opportunities for buyers in 2025.
Real estate prices in San Diego are increasing at a rate higher than the national average, but a local agent says there are signs of market stability and more opportunity for buyers in 2025. Jaclyn Nerenberg, a San Diego native, is hoping to buy a home this year. She says the search has been challenging, but now, with prices still high, she's questioning if she's finding the right home. The Case-Shiller Index, which analyzes data from October, found that home prices were up 3.
6% nationally compared to last October. In the San Diego region, home prices are up 4.5% year-over-year. While this data might not be encouraging for potential buyers, real estate agent Melissa Sofia with Avenue Home Collective sees a positive side. She says the market is showing signs of stability compared to the frenzy of 2021, when buyers were facing intense competition and offering well over asking price. Sofia acknowledges that interest rates remain high and affordability is a concern for many, but she suggests taking advantage of the increased prices to negotiate better deals and explore off-market opportunities
Housing Market San Diego Home Prices Market Stability Buyer Opportunity
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