October 2020 Report
Single Family Homes in San Diego, All Cities, All Neighborhoods Change >
Average Price$963,835
+1.5%
Pending Properties1,740
-5.1%
Sale/List Price Ratio99.8%
-0.2%
Days of Inventory32
+128.4%
Trends at a Glance
| Trends At a Glance |
Oct 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$720,000 (-1.2%) |
$728,500 |
$650,000 (+10.8%) |
| Average Price |
$963,835 (+1.5%) |
$949,708 |
$814,583 (+18.3%) |
| No. of Sales |
1,323 (-48.0%) |
2,542 |
2,037 (-35.1%) |
| Pending |
1,740 (-5.1%) |
1,833 |
2,378 (-26.8%) |
| Active |
1,397 (+14.9%) |
1,216 |
2,724 (-48.7%) |
| Sale vs. List Price |
99.8% (-0.2%) |
100.0% |
98.4% (+1.4%) |
| Days on Market |
32 (+12.8%) |
28 |
39 (-17.1%) |
| Days of Inventory |
32 (+128.4%) |
14 |
40 (-21.0%) |
Market Commentary
The average sales price for single-family, re-sale homes rose 18.3% year-over-year to set a new record high for the fourth month in a row.
The median sales price for single-family, re-sale homes continued to back off from the record high set in August, gaining 10.8% year-over-year. That is the thirteenth 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 plunged 35.1% year-over-year.
Inventory fell 48.7% year-over-year. As of the 10th of November, there were only 1,397 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at thirty-two. 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-two last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio dropped below 100%: it was 99.8%. 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 11.6% year-over-year.
The average sales price for condos was up 9.2% from last October.
The sales price to list price ratio for condos also went back below 100%: it was 99.9%.
Condo sales slumped 47.6% compared to last October.
Condos are selling in twenty-eight days, the average is fifty-five days.
Condo inventory fell 14.9% year-over-year. As of the 10th of November, there were 1,060 condos for sale.
Days of Inventory now stands at fifty-nine. 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.