"The median listing price dropped to $844,000 - a 5.7% decline year-over-year, nearly three times the national rate of 2.1%. One in six listings carried a price reduction."
"Active listings climbed 7.7% year-over-year to 1,736 homes in March, outpacing the national gain of 6.2%. New listings rose 4.1% - nearly six times the national growth rate of 0.7%."
"The days of instant offers are fading. San Diego homes sat on the market for a median of 35 days in March - up 10.2% year-over-year, a steeper slowdown than the national pace of 7.5%."
San Diego's real estate market is experiencing a shift towards buyers, with a 5.7% year-over-year drop in median listing prices to $844,000. Active listings increased by 7.7%, providing buyers with more options. Sellers are facing longer wait times for offers, with homes sitting on the market for a median of 35 days. The market dynamics indicate that pricing correctly is crucial for sellers, while buyers have greater negotiating power and more choices than in previous years.
Read at SFGATE
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