Will we ever have a Buyers Market again?

San Diego Housing Market Forecast

Home prices and rents likely to remain unaffordable as long as new construction is thwarted.

With its enviable weather and coastline, consistently strong job market and highly ranked universities, it's easy to become enraptured by San Diego and decide to move here. But with so many others feeling the same way, has California's second largest city become a victim of its own success?

Defined by a geographic footprint penned in on four sides by the Pacific Ocean, Camp Pendleton, mountainous terrain and the Mexican border, if this region of over 3 million people wants to continue attracting jobs, its growing legion of NIMBY (not in my backyard) activists may soon have to choose between higher-density neighborhoods allowing more homes or economic stagnation.

As with many other housing markets in the U.S., home prices jumped in the San Diego-Carlsbad metropolitan statistical area from mid-2020 to mid-2022 as mortgage rates reached historic lows. Since then, while median home sale prices have fallen as mortgage rates jumped, in more recent months the housing market here has shown signs of leveling out even if listings remain well below historic norms.

Using information from the U.S. News Housing Market Index, we’ve compiled the data you need for a better understanding of the San Diego metro real estate market in 2023.

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Carlsbad, CA 92009

Mon Nov 13 2023

This week the median list price for Carlsbad, CA 92009 is $2,089,000 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 38.

- Check the "Market Action Index" to see if the market is heating up or cooling down.

- Click into the "Market Segments" charts to see how the market is behaving in different price ranges.

- Use the "Median List Price" charts to see what you can buy in your price range, and search by zip code to compare different neighborhoods.

Click Here for Market Stats!

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Another Review from a

Happy Client

Awesome. Nicky was with us every step of the way. With her help, we were able to put the house on the market less than 10 days after our tenant vacated the property. In those 10 days, she was at the house directing all the trades that needed to work quickly to get the house ready for sale. She made great recommendations on the things we needed to change to make the house sell for top dollar, including changing the light fixtures and door handles. She went way above and beyond what I expected my realtor would do.

Hire her!

Joe E

-I have experience helping First Time Buyers -

Watch: Is Home Price Appreciation

Accelerating Again?

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The Fate of the Fall Housing Market: Our Bold Predictions for Mortgage Rates, Home Prices, and More

The housing market is stuck—and isn’t likely to unstick itself this fall.

Pinned down by high mortgage rates, nearing 8%, the market has slowed to a crawl. Buyers can’t afford to buy, sellers are reluctant to sell, and the number of available homes remains dangerously low. That shortage has led to rising home prices again, forcing many would-be buyers to put their American dream on hold.

The housing market “is weak and it’s going nowhere fast,” says Mark Zandi, chief economist at Moody’s Analytics. “I don’t think it’s going to get any better. But I don’t think it’s going to get any worse—because it can’t get any worse.”