“Stan Sexton, a broker in La Mesa..said there are more than 300 homes on the market now in La Mesa and the College Area, a high number that he attributes to people wanting to take their equity to the bank. ‘Prices have leveled out,’ he said. ‘Everyone’s trying to cash out now, but it’s too late. Now they’ve got hundreds of properties to compete with. A lot of agents like myself have more activity than accomplishment. Negotiating is taking longer, you don’t have people lining up making multiple offers, and you have a lot more buyers coming in with lowball offers.’”

San Diego Union-Tribune