San Diego ranks as the worst inventory drop for for-sale-homes in the nation between January 2015 and January 2016. Last January there were 8,051 homes for sale in the county. This past January there were 5,617 homes for sale in San Diego County.
That is an unbelievable drop in inventory. What this tells us is that, assuming you have a place to move to, now is the time for sellers to get top dollar for their homes. Even if the asking price is ridiculously high, you will still likely get offers.
For buyers, this means we are looking at a very competitive environment. This is the time where your buyer’s agent’s skills and negotiating work will win or lose a house for you.
Information from the San Diego Union Tribune: article here
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