September 2020 Report
Single Family Homes in San Diego, All Cities, All Neighborhoods Change >
Average Price$949,708
+1.5%
Pending Properties1,833
-44.2%
Sale/List Price Ratio100.0%
+0.1%
Days of Inventory14
-49.2%
Trends at a Glance
| Trends At a Glance |
Sep 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$728,500 (-0.2%) |
$730,000 |
$635,000 (+14.7%) |
| Average Price |
$949,708 (+1.5%) |
$935,229 |
$787,259 (+20.6%) |
| No. of Sales |
2,542 (+7.0%) |
2,375 |
1,983 (+28.2%) |
| Pending |
1,833 (-44.2%) |
3,285 |
2,352 (-22.1%) |
| Active |
1,216 (-43.8%) |
2,163 |
2,745 (-55.7%) |
| Sale vs. List Price |
100.0% (+0.1%) |
99.9% |
98.4% (+1.6%) |
| Days on Market |
28 (-7.0%) |
31 |
36 (-22.1%) |
| Days of Inventory |
14 (-49.2%) |
27 |
40 (-65.4%) |
Market Commentary
The average sales price for single-family, re-sale homes rose 13% year-over-year to set a new record high for the second month in a row.
The median sales price for single-family, re-sale homes set a new record high for the third month in a row, rising 13.2% year-over-year. That is the eleventh month in a row the median sales price has been higher than the year before.
Sales of single-family, re-sale homes in San Diego County were up 5.5% year-over-year.
Inventory fell 22% year-over-year. As of the 10th of September, there were 2,163 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at twenty-seven. The average is 131.
Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-one last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 99.9%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.
The median sales price for re-sale condos was up 8.9% year-over-year. It also set a new record high for the third month in a row.
The average sales price for condos also set a new high last month. It was up 7.4% from last August.
The sales price to list price ratio for condos was 99.6% last month.
Condo sales were up 7.6% over last August.
Condos are selling in thirty days, the average is fifty-five days.
Inventory was up for the twentieth month in a row. It rose 16.4% year-over-year. As of the 10th of September, there were 1,420 condos for sale.
Days of Inventory now stands at thirty-six. The average is 123.
If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale and what has sold.