There is a lot of discussion about the real estate market and
where it is going. Many people believe that the market is
declining. Truthfully, it has cooled off a bit. Although we are
beginning to see more homes for sale, we are still seeing a
lack of inventory...most certainly in San Diego.

So, what does that mean to you? It means that those conditions
continue to favor Sellers....it is a “seller’s market”.

As we know, a buyers’ market is when there are more homes for
sale than there are buyers looking to buy. At that time, buyer’s
will have more negotiation power, and we find that seller’s are
more willing to compromise in order to sell their home.

When it is a sellers’ market, and there is not a lot of inventory,
the seller have the negotiating power. As we’ve witnessed in the
past few months, many homes sold over the asking price, sellers
in many cases were able to negotiate staying in their home for a
bit (oftentimes at no cost), and everyone endured a lot of stress!

Is there another type of market? Yes! It is referred to as a neutral
market. A neutral market is when supply and demand are
somewhat balanced.

I think that we all know that the past couple of years have been a
HOT sellers market. Low inventory and a lot of demand.

Todays housing market continues to favor sellers. If you know anyone who is considering selling their home; or if you are interested in the value of your home, please give me a call. Iris: 858.945.8198