According to the National Association of Realtors, purchases of previously owned houses increased 3.4% to a 4.62 million annual rate. It was the biggest year-to-year gain since January 2006, and reflected a seasonal mix in demand toward bigger houses and fewer distressed sales.
Real estate is very localized. While sales volume may be up big in one part of the country, they could be tanking in another part. However, national information gets national media attention. As more people throughout the country read and watch this news, the prevalent “feeling” will be that the market is healthy everywhere.
This is certainly true in San Diego. San Diego County led the country into the Great Housing Recession and is slowly but surely leading it out. Low inventory and multiple offers are very common and prices are firming if not rising. And, we’re in the peak part of the buying season. It will be interesting to see what the market – sales volume and prices – look like 3-5 months from now.
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Bryan & Allison Devore
Prudential California Realty
(760) 908-3838
Bryan Devore
REALTOR
Phone (760) 908-3838
Fax (866) 202-3502
7030 Avenida Encinas #100
Carlsbad, CA 92011
