San Diego, CA housing market

San Diego's housing market has quietly shifted. The typical home value is about one million seven thousand dollars, down 1.6 percent from a year ago, a small decline but a real change in direction for this market. The bigger story is choice. There are about two thousand two hundred sixty homes for sale right now, and nearly one thousand one hundred twenty of those hit the market in the last month alone, so buyers have far more to look at. Homes are taking about 39 days to sell, long enough for buyers to think, negotiate, and walk away. And sellers are responding. The median list price sits near eight hundred forty-four thousand five hundred dollars, well under the typical value, and about 15.5 percent of listings have already taken a price cut. Put together, this is a cooling market where pricing matters more than it has in years. If you are selling, price it right from day one. If you are buying, you finally have room to negotiate.