This months data has me somewhat perplexed. Generally speaking, when inventory increases (especially beyond 6 months) it tends to lean more in favor of buyers, however, the median sales price is up over $1 million from last month, and over +33% to last year!! All in all, November is generally the start of a slow down month as people take time off for the Holidays, and with homes sold, it appears to be no different. Watch my video for the latest when it comes to the real estate market here in La Jolla, CA.

November 2023 - La Jolla, CA Detached Homes

Number of New Listings: 32, +39%
Number of Homes Sold: 14, -13%
Median Sales Price: $3.95M, +33%
Inventory Supply: 9.4 Months, +169%
Median Days on the Market: 40, -39%

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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