The real estate market here in San Diego certainly slows down in December due to the Holidays, and the latest data certainly reflects that. However, those that were on the hunt for their dream homes snatched them up much quicker as days on the market are down to only 17 days, a whopping -70% decrease from this time last year. As supply in the luxury market (above $4 million in La Jolla) continues to increase, the below $4 million dollar buyers still have limited inventory. Watch my latest video for the full run down.

December 2023 - La Jolla, CA Detached Homes

Number of New Listings: 13, 7%
Number of Homes Sold: 12, 0%
Median Sales Price: $3.18M, +5%
Inventory Supply: 9.2 Months, +188%
Median Days on the Market: 17, -70%

If you are thinking of buying or selling reach out to me and we can discuss the best path forward. Believe it or not, it isn’t always a good time, depending on your personal circumstances, which I can advise to ensure that you are making the right choice for you.

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