JUNE 2025 NEWSLETTER

by Kelly Marugg

As summer kicks off, the housing market is shifting. In some areas, home prices are still climbing, while in others, things are starting to cool down a bit. Mortgage rates remain on the higher side, and there's still a limited number of homes for sale — which means competition can be strong, depending on the neighborhood. Every market is different right now, and here in San Diego, local trends matter more than ever.

Even with higher mortgage rates, demand for homes remains strong in many areas. In places with limited inventory and solid job growth — like San Diego — home prices are still rising. As of May 2025, San Diego home values are up 6.3% compared to last year.

Homes that are priced right are often getting multiple offers, making this a strong market for sellers. For buyers, acting quickly and being prepared is key when the right home hits the market.