Real Estate Pacific Beach

Hey there, buyers and sellers! Let’s dive into some real estate metrics to give you a better idea of what’s going on in the market.

First up, we have the Months Supply of Inventory sitting at 3.7. This means that at the current rate of sales, it would take about 3.7 months to sell all the homes on the market.

Next, we see that the 12-Month Change in Months of Inventory is -48.9%. This is a pretty significant decrease, showing that inventory levels have been tightening over the past year.

Now, let’s talk about the Median Days Homes are On the Market, which is just 20. This is a relatively short amount of time, indicating that homes are selling quickly in this market.

Moving on to the Sold to List Price Percentage of 99.6%, which is a great sign for sellers. This means that homes are typically selling very close to their list price.

And finally, the Median Sold Price currently stands at $1,494,444. This gives us a good idea of the price range we’re looking at in this market.

Overall, these metrics paint a picture of a market with low inventory, high demand, and homes selling quickly and close to their asking price. If you’re a seller, this could be a great time to list your home. And if you’re a buyer, be prepared to act fast and potentially pay close to asking price. Keep these metrics in mind as you navigate the real estate market!

                  -Rustin Rulenz, REALTOR® (858) 663-3519