September 2025 - Real Estate Market Report for Escondido, CA
Interest rates are finally coming down, and we hope this encourages buyers to jump into the market. Typically, summer is the hottest season for home sales, but with interest rates higher than they've been in recent years, ongoing market uncertainty, and signs of inflation, it has been challenging for buyers to make a move. Over the past few months, we’ve seen many homeowners list their properties, only to face stiff competition from other sellers, and concerns from buyers about high interest rates and general hesitation to purchase in the current environment. Some homeowners who don’t need to sell have chosen to hold onto their properties. In fact, we've seen an increase in sellers removing their homes from a slow-moving market. However, those who have to sell have often had to adjust their prices downward. Last week, the Fed reduced interest rates by a quarter point, which will certainly help lower mortgage rates. We’re al...