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Understanding the Lowball Season in San Diego
As the summer of 2025 rolls in, it appears we are experiencing an unusual lowball season well before the typical end-of-year rush. This trend is particularly relevant for homeowners and buyers in the San Diego real estate market, which is currently grappling with an excess supply of properties. With more homes on the market, some buyers are actively seeking to negotiate lower prices and secure a deal.
Why Timing Matters in the Housing Market
Traditionally, lowball offers surge in the fourth quarter, but the dynamics have shifted due to increased inventory. Prospective buyers looking to buy a house in San Diego should focus on properties that have lingered on the market for over 30 days. Sellers of these homes might be more amenable to negotiations and discounted offers, especially if they have already adjusted their pricing.
Strategies for Buyers and Sellers
For buyers, targeting vacant houses can yield benefits, along with offering enticing incentives like a quick close. The market has shown that motivated sellers are open to listening to lower offers, especially when they recognize their home’s listing price may be too high.
Conversely, sellers should reflect on their asking prices, particularly if they’ve missed the opportunity to cash out during previous favorable conditions. If a buyer proposes a lower offer, it could be worth considering. Settling for a 10% reduction might still put your home at a competitive price compared to the previous year’s listing trends.
Market Predictions: What To Expect
Looking ahead, the San Diego housing market is unlikely to see significant drops in rates or competition. While some anticipate changes in management that could eventually lower rates, it’s not a guarantee that waiting will yield a better outcome. Selling sooner at a reasonable discount might be wiser compared to holding out for possibly higher prices.
As a homeowner in this vibrant market, whether you're selling or buying, understanding these conditions can provide opportunities to navigate this San Diego housing market effectively.
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