With summer officially upon us (even if we have yet to experience those sunny days thanks to May Grey and June Gloom ;)), we are starting to see an overall increase in inventory, and a big jump in median sales price along with it. With days on the market keeping homes listed for longer than usual, buyer’s are finally given time to make decisions on whether or not a house is right for them. For the full rundown, watch my latest video below.

May 2024 - La Jolla, CA Detached Homes

Number of New Listings: 45, +10%
Number of Homes Sold: 19, 0%
Median Sales Price: $4.25M, +23%
Inventory Supply: 4.4 Months, +2%
Median Days on the Market: 50, +35%

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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