The recent surge in global trade discourse dominating the headlines has prompted a
noticeable pause among prospective buyers,resulting in the slowest pace of sales
observed in over two decades-dating back to 2003.Despite this slowdown,prices
have thus far remained resilient,registering a 1.7% increase in the first quarter.
However,I anticipate a decline in pricing during the second quarter.One key factor
contributing to this potential downturn is the significant rise in inventory,with the
number of active listings in 92101 increasing from 200 to 300.This shift comes at a
critical time,as spring traditionally marks the peak of our sales cycle,largely fueled
by seasonal demand from summer home buyers,particularly from Arizona and
neighboring regions.
