Market Trends Point to a Broader Shift
According to Kaplan, the signs are clear: San Diego’s housing market is in a period of measurable change. Inventory across the county has increased by more than 10% in the past week alone, adding to a larger pattern of steady growth since the start of the year. Properties are spending more time on the market too, with average days rising from the 20s into the 40s. What’s important, Kaplan emphasized, is recognizing the difference between a short-term market “blip” and a sustained trend. Given that these numbers are rising consistently across regions—from coastal enclaves to inland neighborhoods—this appears to be a broader movement, not an isolated event.

What to Expect Over the Next 90 Days
Looking ahead, Kaplan anticipates continued growth in housing supply, especially as the calendar moves into late spring and early summer, typically the busiest listing season of the year. With similar activity unfolding in South Bay, North County, and San Diego’s urban core, it’s clear that the increase in listings isn’t tied to one specific location. This uptick gives buyers more leverage and choices, while sellers may need to adjust expectations as competition grows.

Interest Rate Updates and What They Mean for Buyers
Kaplan reported current mortgage averages as follows: 30-year conventional loans at 7.76%, FHA 30-year loans just below that, and VA and 15-year programs trailing close behind. While rates remain far above the historical lows of 2020–2021, Kaplan doesn’t foresee a return to the 2–3% range. Instead, future stabilization might bring rates closer to 5%, depending on economic performance. He encouraged buyers and investors to track these movements weekly, using tools like Bankrate to get a comprehensive snapshot of averages across lenders. Monitoring four key products—30-year conventional, 15-year conventional, FHA, and VA loans—can help inform decisions on whether to act now or wait for rate improvements.

The Deal: Budget-Friendly Living in National City

Square Feet: ~500
Bedrooms/Bathrooms: 1 Bed / 1 Bath
HOA: ~$460/month
This top-floor one-bedroom unit offers a rare chance to own in National City at an ultra-accessible price. With new flooring, a renovated kitchen and bath, and stainless steel appliances, the unit is move-in ready. Residents have access to amenities like a gym, pool, spa, and community barbecue area. One parking space is included, and the building’s location offers quick freeway access and urban convenience. The home was originally listed in a broader price range, but Kaplan confirmed the current price as $259,000—an attractive opportunity for first-time buyers or rental investors.

List Price: $259,000

The Dream: The Collins Wellington Estate, A San Diego Treasure

Square Feet: 5,766
Bedrooms/Bathrooms: 5 Bed / 5 Bath
Lot Size: 8 Acres

A true rarity in the market, the Collins Wellington Estate blends grandeur with California history. Built in 1928, the home is protected under the Mills Act, which significantly reduces property taxes—a major financial advantage for buyers of historic properties. The estate features intricate architectural details such as oak flooring with peg bow tie inlays, onyx finishes, soaring 18-foot arched ceilings, and ornate wrought iron throughout. Four of the five bedrooms include en suite baths, while the expansive layout makes it ideal for entertaining at scale. Set on eight acres, this estate offers the space, stature, and savings rarely seen together in one property. Recently sold for $3 million, the estate stands as one of National City’s most iconic properties and a perfect example of how historic homes continue to offer investment value.

Sold Price: $3,000,000

Final Takeaways
National City’s market reflects the broader trends seen across San Diego County—more inventory, slower closings, and a widening spread between starter homes and top-tier estates. Whether you’re watching interest rates or searching for a hidden gem, understanding how these trends play out over time can help you make a better-informed move. In a market filled with both caution and opportunity, those who follow the data will find their edge.

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