SAN DIEGO Housing Market Forecast for 2024 (from Reventure Consulting)

San Diego's housing market is approximately 20% overvalued compared to its long-term norms. Suggesting that there is home price downside in the San Diego real estate market for homebuyers and investors in 2024.

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However, persistently low inventory levels on the San Diego housing market are keeping prices high. And represent a persistent shortage of homes - which is coming as a major frustration to many realtors and buyers out there.

Interestingly, buyer demand in San Diego and Southern California's Housing Market more generally is actually very low right now. But there is also a lack of new listings. Creating the perception of a strong housing market where prices have increased 10% over the last year according to data from Zillow.
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