You may be aware that San Diego has been ranked #1 in price increases year over year. The S&P/Case-Shiller Home Price Index for December 2023 provides further insights into this. With San Diego posting an 8.8% price increase, it appears notably higher compared to the national average of 5.5% for the major 20 cities reporting.
What implications does this hold? It suggests a significant deviation from the national trend and indicates potential market dynamics unique to San Diego. Despite this, it's worth noting that rates are trending downward, potentially shaping future scenarios.
At Shea Real Estate, we maintain a steady confidence in our ability to navigate these fluctuations. If you require assistance in understanding the San Diego real estate market, we're here to offer our expertise. Let's establish a connection and address any questions or concerns you may have. Feel free to reach out to Kari at kari@shea-realestate.com to discuss further.
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