Summer is here. What’s happening to Oceanside home prices?
If you click on the picture above you’ll see that the trend is stable, with some potential for a downward shift in prices. What makes this clear is that the average price of an Oceanside home has remained stable at $359,900, while at the same time the inventory of homes on the market has increased. Check out the chart below.
You will see that the number of homes for sale in Oceanside during the past 7 days has increased about 10% over what it has been averaging for the 90-day period coinciding with it. If home prices were up, I’d say that was a good thing for Oceanside home prices; a sign that home valuations were solid. But that’s not the case. It looks as if the market is soft, and this is at a time of year (summer) when prices typically bound up.
It’s a good time to list your home for sale in Oceanside
No, I’m not crazy. Even though home prices are stable, if your home is a great home, and you are willing to do what it takes to price your home correctly, and stage your home correctly, then the lowest interest rates in perhaps the last thirty years will help you sell now.
It’s a great time to buy a home in Oceanside
Is it possible that home prices will drop further? Sure, but IMO not likely. What is more likely is that prices will stay the same, and now, with an increasing number of Oceanside homes for sale, you will be able to find just the right home at just the right price. And….the best mortgage rates you’ll ever see.
Thinking of buying or selling. Call me today to talk and learn more.