According to March numbers, the Encinitas real estate market is still one of the top performing markets in the U.S.
Realtor.com just released some of its numbers for the month of March and saw that nationwide inventory was up 2.36%, leading them to declare that the inventory crunch may be easing in many areas of the nation.
Realtor.com also found that the state of California is continuing to see incredible improvement and indeed leads the list of top 10 markets that have seen the largest decline in year-over-year for-sale inventory. Of the top 10 markets Seattle, WA was the only market not located in California.
The San Diego metropolitan area, which includes Encinitas and Carlsbad among other cities, was among the top 10 markets with declining inventory. Additionally, San Diego has seen an increase in median home prices and is among one of the metropolitan areas with some of the highest median list prices year-over-year.
According to the Encinitas Market Snapshot, provided by Movoto, median list prices on homes for sale in Encinitas have increased 9% from a month ago and total inventory is down only 3% in the same time.