San Diego HomesSan Diego Homes now more affordableMay 2006 saw real estate prices for single family dwellings in San Diego fall by an average of $15,000 from the previous month. The median price of a San Diego home in the month of May was approximately $490,000 - that's only $2,000 higher than last year, and a 5% drop from November's record-breaking heights. The average time a home sits on the market is now up to 66 days, another indication that the market for San Diego homes has softened. Even more remarkably, given the slow pace of sales, the inventory of existing unsold homes represents a seven-month supply. All this means just one thing: a great opportunity to buy San Diego real estate. Of all housing types, the most significant price drop was observed among new homes. Over the past couple of years, new home construction in San Diego has gone wild. As a result, there is now a huge surplus... representing an embarrassment of riches for buyers of new homes in San Diego. In an effort to counteract the slowing trend, developers are offering huge discounts as well as other buyer incentives. Just a few short years ago, nobody would have predicted such a buyers' market in San Diego real estate. San Diego's popularity ensures a good home investmentSan Diego's continuous popularity brings excellent investment and high return opportunities at time sale... as demand continues to increase and there's no end in sight over the long term for San Diego homes. What does this mean? It's time to seriously consider buying your new San Diego home. Prices have dropped substantially, there's never been better choice, the long term market forecast is upbeat and growing - plus there's the near perfect San Diego climate, and the scores of other excellent reasons to buy real estate in San Diego. Truly, this is among the most desirable places on earth to live. So whether you're considering purchasing a new San Diego home, your first home or investing in property, 2006 is the year in which to fulfill your dreams. It's an unexpected buyers' market: a rare opportunity to snap up your own piece of paradise in the San Diego real estate market.
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