We are officially in the second half of 2022 and the summer market. A summer slow down is standard but given the relentless pace of the last few years it can feel more significant.
The truth is, change in the market is good and we are seeing a balance for both Sellers AND Buyers.
Sellers are still assured their home will sell if priced right.
Buyers are taking advantage of a less frenzied market where they can negotiate repairs, escrows, etc.
A home is still the best hedge against inflation and a chaotic financial market.
Median detached sales prices are continuing to go up (more on that below).
JUNE 2022 Market Stats (click for the report)
4 - Average Days on Market until Sale in Solana Beach...4 days! In Del Mar, it's just 6 days. That is a HOT market.
+17.7% The Median Sales Price for Detached homes in 92067 is up 17.7% from 2021. The value here continues to grow.