Real Estate Report presented by Patty Moore-Davidson

December 2020 Report

Single Family Homes in San Diego, All Cities, All Neighborhoods Change >


Median Price
$730,000
+0.7%
Average Price
$949,025
+1.8%
No. Sold
2,225
+57.6%
Pending Properties
1,406
-41.6%
Active
900
-36.7%
Sale/List Price Ratio
100.3%
+0.2%
Days on Market
27
-5.6%
Days of Inventory
12
-58.4%

Market Barometer

Enlarge >
Loading...

Market Commentary

Prices & Sales End Year on High Note

The median sales price for single-family, re-sale homes set a new high in December. It gained 12.3% year-over-year. That is the fifteenth month in a row the median sales price has been higher than the year before.

The average sales price for single-family, re-sale homes rose 15.7% year-over-year.

Sales of single-family, re-sale homes in San Diego County jumped 23.5% year-over-year. There were 2,225 homes sold last month. The average since January 2001 is 1,990.

Inventory fell 58.5% year-over-year. As of the 10th of January, there were only 900 homes for sale, compared to an average of 7,739.

Days of Inventory now stands at twelve. 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 twenty-seven last month. The average since January 2001 is fifty-seven days.

The sales price to list price ratio stayed over 100%: it was 100.3%. 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 12.5% year-over-year.

The average sales price for condos was up 14.5% from last December.

The sales price to list price ratio for condos also stayed over 100%: it was 100.0%.

Condo sales were up 23.8% compared to last December.

Condos are selling in twenty-seven days, the average is fifty-five days.

Condo inventory fell 40.3% year-over-year. As of the 10th of January, there were 639 condos for sale.

Days of Inventory now stands at sixteen. The average is 123.

If you would like to know what’s going on in your neighborhood, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale and what has sold.

Prices & Sales

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...