March 3, 2025 - 05:42
As the sun shines brightly in La Mesa, the local real estate market is feeling anything but warm. Industry insiders are describing the current climate as a "frozen market," reflecting a significant slowdown in activity. This term was echoed during a recent luncheon organized by the Women’s Council, where real estate professionals gathered to discuss the challenges they are facing.
Potential buyers are hesitant to enter the market, largely due to rising interest rates and economic uncertainty. Many are opting to wait, hoping for more favorable conditions before making a purchase. Sellers, on the other hand, are grappling with the reality of decreased demand, leading to longer listing times and, in some cases, price reductions.
Experts suggest that this stagnation may persist as buyers and sellers recalibrate their expectations. The current situation underscores the complexities of the real estate landscape, where external factors are causing many to rethink their strategies in this chilly environment.
