Blog Post Title One
San Diego Real Estate: The Correction No One Recognized (Until Now)
November 2025 Market Insight — by Greg Kuchan | Compass
San Diego’s housing market finally feels honest again. Not frantic. Not frozen. Just real.
For years, buyers waited for prices to collapse. But real estate didn’t break where everyone expected it to. Instead of a drop in home values, we experienced something quieter but just as significant: a collapse in activity. Fewer listings. Fewer closings. Longer time on market. The frenzy evaporated—not the equity.
2025 wasn’t a crash; it was a recalibration.
Now, with rates softening and mortgage applications rising, the early signs of the next market cycle are already here. Demand is waking up first. Supply will lag behind. And if you know San Diego, you know how that story tends to end.
The bottom wasn’t about price — it was about volume.
And the next two years will look very different.
Read the full update below to see what this means for buyers, sellers, and anyone planning their next move in the San Diego market.
