SAN DIEGO - The housing market in San Diego County is starting to show some signs of a cool-down.
While real estate prices remain high, the number of available properties has been relatively low. San Diego realtor Destiny Roxas tells NBC 7 that's one reason why we're seeing a bit of a cooling off period.
"We were honestly on a trajectory that was not necessarily sustainable," said Roxas. " We were going so quickly, the home prices were going through the roof."
According to Redfin, San Diego is the eighth fastest cooling real estate market in the country right now. Higher interest rates on mortgages is another reason for the recent change in the market.
But experts say it's a part of the normal housing cycle and demand for homes in San Diego will increase once again.
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