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November 2024 Home Prices in San Diego County
The Median Sales Price was up 4.4 percent to $1,027,750 for Detached homes and 1.4 percent to $674,475 for Attached homes according to San Diego Association of Realtors September Report.
U.S. existing-home sales rose 3.4% month-over-month and 2.9% year-over-year to a seasonally adjusted annual rate of 3.96 million units, exceeding economists’ expectations for the month and marking the first annual gain since July 2021, according to the National Association of REALTORS® (NAR).
November 2024 Days on Market Until Sale in San Diego County
For November 2024, days on Market increased 24.1 percent for Detached homes and 40.7 percent for Attached homes. Supply increased 16.7 percent for Detached homes and 38.9 percent for Attached homes
Mortgage Rate Expectations for November in San Diego
As of early December 2024, the average rate for a 30-year fixed-rate mortgage is at 6.69%.
For more details, visit Freddie Mac’s Mortgage Rates page.
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For Home Sellers in San Diego
With limited inventory, strong buyer demand, and the recent Fed rate cut, the housing market is positioned to remain competitive. Lower mortgage rates could drive more buyers into the market, making it a prime time to sell your home and potentially secure top dollar.
If you’re considering selling, now is the time to take action. Reach out for a free home valuation at 619-417-0774 or via email, and I’ll guide you through the process to maximize your home’s value.
Note: Charts are courtesy of the San Diego Assoc. of Realtors and Freddie Mac
