July was an exciting month, as we finally saw the median sales price in La Jolla drop below $3m for the first time in a while. This is great news for any buyers that were losing hope. If you're looking for further information on the real estate market, check out my video below.

Number of New Listings: 53, -38%

Number of Homes Sold: 27, -27%

Median Sales Price: $2.9M, -7%; first downward trend since Jan 2021

Inventory Supply: 2.2 Months, -66%

Average Days on the Market: 32, -39%

If you are thinking of buying or selling reach out to me over at www.morgankingrealestate.com. It is a good time for both parties, depending on your personal circumstances, which I can advise to ensure that you are making the right choice for you.

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