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KPBS Midday Edition

How Has The Coronavirus Impacted San Diego's Housing Market?

A "For Sale" sign in front of a home in San Carlos in this undated photo.
KPBS Staff
A "For Sale" sign in front of a home in San Carlos in this undated photo.
Spring is usually a busy time in the residential real estate market and 2020 was initially shaping up to be a bonanza for home sales in San Diego. But as the public health crisis around the COVID-19 virus has grown, new home listings have dropped from the same time last year by 27%.

Spring is usually a busy time in the residential real estate market and 2020 was initially shaping up to be a bonanza for home sales in San Diego. But as the public health crisis around the COVID-19 virus has grown, it's likely impacting San Diego's real estate market.

The real estate database Zillow reported that new home listings in San Diego dropped 27% from March 1 into early April compared to the same time one year ago.

RELATED: New San Diego Real Estate Listings Down Amid COVID-19 Pandemic

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What impact will the pandemic have on the price of housing in San Diego in the near future and the long term?

Phil Molnar, real estate reporter for The San Diego Union-Tribune, joins Midday Edition on Tuesday to talk about what’s happening in the real estate market now.