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Home / Blogs / San Diego Real Estate Blog / Real Estate Forecast, 2006

Real Estate Forecast, 2006

Posted On : 8/17/2006 by admin admin

You’ve waited and waited. Now you’re wondering if this is your year to make that real estate purchase at last. What will the rest of 2006 hold? Fortunately for you, the experts have made their forecast, and against all odds, the market might remain stable this year.

The National Association of Realtors expects national sales to drop 3.7%, which would still make 2006 the second best year ever (after 2005). They still expect median home price to increase by 6.1%. The California Association of Realtors expects California sales to decline by 2%, and for median home price to increase by 10%. Last year, however, both parties were wrong when national sales rose 4.7% and the median national home price rose 12.7% to $208,800, and in California sales rose 1.8%.

The San Diego County Real Estate Report predicts that sales will be stable or decline slightly, and the median home price will gain 5%. Since the median for 2005 was $575,000, that would mean prices would rise slightly to $604,000 over the course of the year.


For more San Diego County statistics, see http://rereport.com

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1 Comment on Real Estate Forecast, 2006:

Added 12/12/06
THANKS!

i've been thinking of getting a place of my own finally, but not sure if i should keep saving or if i should just take the dive this year. I think I'll just keep saving for now, until things look they're going down more!

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