A Quick Review of Q2

The quarter started with a bit of market uncertainty as we had been in the war with Iran for about a month before entering Q2.  Inventory was again slow and tentative to come onto the market and what was hitting seemed to be the less than ideal homes either being over priced or undesirable for one reason or another.  Either location or condition did not sync up with the asking price and inventory began to sit.  This was especially true in the condo market.  Inflation and oil prices seemed to be the top priorities throughout the quarter and as it ended there was talk of the newly elected Fed Chair having his hand forced to raise rates.  As of today, this has not happened however the trend and thought pattern had been that rates were going to decline so this change in narrative has definitely cooled off the normally hot season.   Due to rates remaining where they have generally been over the past few years the narrative of most people being locked into their current loan and home remains.  We did see some anomalies such as 1042 Hymettus in Encinitas going for almost a million over asking...   Please see link below to check out this home listed and sold by our very own Coldwell Banker Encinitas!!  If you have any questions or want to discuss how we can exceed expectations on your home, call me anytime!!!  Lets see how Q3 plays out and thanks for reading!