Three homes on Windward Way in the Fire Mountain area sat for more than 20 days last month. A year ago, those would've had multiple offers inside a week.
That tells you something.
I've been watching Oceanside's numbers closely through Q2, and the shift is real. Inventory across the 92054 and 92056 zip codes is up roughly 18% compared to this time last year, based on what I'm pulling from the MLS. Median prices haven't dropped off a cliff or anything. They're holding in the low $800s for single-family homes. But the pace has changed. Homes are taking longer to sell, price reductions are more common, and buyers have room to breathe.
If you're a buyer, this is what you've been waiting for. You don't have to write love letters to sellers anymore. You can ask for closing cost credits. You can get an inspection done without feeling like you're going to lose the deal over it. That said, I wouldn't call this a buyer's market yet. It's closer to balanced, which honestly is healthier for everyone.
Sellers, here's where I'll be direct. Overpricing right now is the single biggest mistake I'm seeing. Some agents are still listing like it's spring 2022, and those homes sit. Then they do a price cut at day 30 that makes the listing look stale. I'd rather price a home right on day one and create urgency than chase the market down. It's a less exciting conversation at the listing appointment, but it gets better results.
The condo market near the coast, especially around Oceanside Boulevard and closer to the pier, is a slightly different story. Smaller units under $500K are still moving. Investor interest and first-time buyers keep that segment competitive.
One more thing worth mentioning. Interest rates are hovering near the high 6s. Nobody loves that. But buyers who lock in now and refinance later when rates come down will look smart in hindsight. I genuinely believe that.
If you're thinking about making a move this quarter, whether buying or selling, I'm happy to walk through the numbers for your specific neighborhood. You can reach me at mayra@blacklabelrealty.com.
The market rewards people who pay attention. Are you paying attention?