May 21, 2025 - News
60% of San Diego home sellers offer concessions, among highest in nation
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About 60% of home sellers in San Diego are offering concessions to buyers, among the highest rates in the nation.
Why it matters: The concession rate reflects that sellers are feeling the need to sweeten offers as they experience sluggish demand due to high prices, elevated mortgage rates and economic uncertainty.
The big picture: Nationally, over 44% of sellers offered concessions during the first quarter of the year, nearly a record high, according to Redfin data.
- Only Seattle, Portland and Atlanta had larger rates than San Diego during that time.
Yes, but: San Diego's rate was actually higher during the first quarter of 2024 than this year.