Spring is here in full bloom — and so is renewed energy in the housing market across San Diego. Whether you're dreaming of your next home in Carmel Valley or considering a strategic sale, this season may offer just the right window of opportunity. Here's a closer look at why the spring market is picking up momentum — and what it means for you.
1. More Homes Are Hitting the Market
After months of limited choices, inventory is finally making a comeback. According to Realtor.com, active listings nationwide are up over 27% compared to this time last year.
While we’re not quite back to pre-pandemic levels, the 2025 market is showing more selection than buyers have seen in years. Even here in Carmel Valley, we’re watching more homes become available — and that changes the game for both buyers and sellers.
If you're buying: More inventory means more choices and a better chance of finding something that truly fits — whether that’s a single-story in Del Mar or a modern coastal retreat near Torrey Pines.
If you're selling: You’ll have more options when it comes to your next chapter. And with inventory still below historic norms, your property is likely to attract strong interest — especially if it’s well-prepared and priced strategically.
2. Price Growth Is Slowing (But Still Positive)
With more homes available, the rapid pace of home price growth is starting to cool. This doesn’t mean values are dropping — it simply means appreciation is returning to a more sustainable pace. As Freddie Mac recently noted:
“In 2025, we expect the pace of house price appreciation to moderate from the levels seen in 2024, while still maintaining a positive trajectory.”
What we’re seeing in San Diego echoes that trend. Some neighborhoods are still seeing strong appreciation, while others — including parts of Carmel Valley — are moving toward a more balanced market.
For buyers: Slower price growth gives you a bit more breathing room — and it may be your chance to build equity without the pressure of skyrocketing prices.
For sellers: Pricing is everything. The days of aggressive overpricing are fading. Homes that are thoughtfully prepared and realistically priced are the ones that stand out and sell.
3. Mortgage Rates Are More Predictable
One of the biggest shifts this spring? Mortgage rates have finally started to stabilize — and even dip slightly from where they were earlier in the year. While still higher than pre-2022 levels, today’s environment feels more manageable for many buyers.
As Selma Hepp, Chief Economist at CoreLogic, puts it:
“With the spring homebuying season upon us, the recent improvements in mortgage rates may help invite homebuyers back into the market.”
If you're buying: Predictability matters. It’s easier to make decisions — and budget confidently — when rates aren’t swinging wildly from week to week.
If you're selling: A more stable interest rate environment creates a more confident buyer pool, which is always good news for demand.
4. Buyers Are Coming Back
Buyers have taken note of these shifting dynamics — and many are stepping off the sidelines. In fact, mortgage application activity is already on the rise.
Here in San Diego, especially in desirable communities like Carmel Valley and Del Mar, we’re seeing renewed interest from both local move-up buyers and out-of-town transplants who are ready to make a move.
Buyers: If you’ve been waiting for the right time, this may be it. The earlier you act, the less competition you’re likely to face.
Sellers: More buyers in the market means more eyes on your listing — and a better chance of finding the right match quickly.
Let’s Make a Plan That Works for You
Every market brings opportunities — and this spring is no exception. Whether you're looking to buy, sell, or simply explore your options in Carmel Valley or greater San Diego, we’re here to help you navigate with confidence and clarity.
Reach out anytime. Let’s talk strategy, timing, and what makes the most sense for your next move.
