Sunday, May 08, 2005

Things are Slowing Down in San Diego

"San Diego County's housing market, on fire a year ago, has cooled dramatically, according to figures from Sandicor Inc., the local real estate industry's multiple listing service.

In March, the average days on the market – the time a property spends from its listing date to when it enters escrow – was 54 days for resale single-family homes, compared to 31 last August and 40 in March 2004.

For resale condominiums, the slowdown has been even more dramatic, year-over-year, going from 21 days in March 2004 to 45 this past March with fastest time being 15 days last June."


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