San Diego Multifamily Sales Sink 28%, Buyers Vanish
Market Volatility Reveals Sector Vulnerabilities and Recovery Signs When multifamily sales in San Diego plummeted by 28%, it marked a dramatic market correction. Investors were left to face prolonged uncertainty in one of California's resilient real estate arenas. The sharp decline brought to light vulnerabilities in what was believed to be a sector immune to broader economic pressures. Transaction volumes fell as buyers retreated, leaving sellers scrambling to adjust pricing strategies. Buyers remained cautious as higher mortgage rates affected affordability, paralleling the decline in broader housing markets. Unexpectedly, market recovery signals appeared in Q3 2025, with sales surging 52% to reach $713 million. This defied analyst expectations and highlighted the volatile trends in the multifamily environment. Despite the recovery, the sales volumes matched the highest recorded levels in 2024. This underscored the market's erratic performance. Construction activity mirrored...