Last week the median list price for a La Jolla home was $1,399,500, and the Market Action Index shows 242 properties have been on the market an average of 192 days. What does this mean? Inventory is shrinking even though days on the market have increased. If homes are priced right they are selling! Which is a positive sign for La Jolla Real Estate.
In fact, in a recent survey by National Housing Survey showed 71% say “it is a good time to buy” and 64% say, “If they are going to move they would buy a home instead of renting”.
As seen on the Market Action Index La Jolla’s inventory is falling. If you’re a seller, now might be a good time to put your home on the market there are buyers! However, the key for a seller is pricing your home right or your home will be one of the statistics.
If you are thinking of buying or selling a La Jolla home, give me a call 619-980-2738 or email me at Michelle@viewsoflajolla.com for a free Comparable Market Analysis (CMA) of the value of your home. I’m here to help!
