September 2019 Report
Single Family Homes in San Diego, All Cities, All Neighborhoods Change >
Average Price$836,279
+3.4%
Pending Properties1,639
-5.0%
Sale/List Price Ratio98.5%
-0.2%
Days of Inventory46
+82.8%
Trends at a Glance
| Trends At a Glance |
Aug 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$649,950 (+0.1%) |
$649,000 |
$655,000 (-0.8%) |
| Average Price |
$836,279 (+3.4%) |
$809,120 |
$810,944 (+3.1%) |
| No. of Sales |
2,070 (-2.1%) |
2,115 |
2,010 (+3.0%) |
| Pending |
1,639 (-5.0%) |
1,725 |
2,583 (-36.5%) |
| Active |
3,196 (+78.9%) |
1,786 |
4,634 (-31.0%) |
| Sale vs. List Price |
98.5% (-0.2%) |
98.7% |
98.4% (+0.2%) |
| Days on Market |
37 (+13.2%) |
32 |
34 (+7.7%) |
| Days of Inventory |
46 (+82.8%) |
25 |
69 (-33.0%) |
Market Commentary
After setting a new high in June, the median sales price for single-family, re-sale homes fell in July, but, rose in August by 0.1%. It was down 0.8% year-over-year.
The average sales price for homes was up 3.4% from July, and, it was up 3.1% over last August.
Home sales were up for the second month in a row, rising 3.1% year-over-year. Year-to-date, home sales are down 3.7%.
Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-seven last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 98.5%. 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 1.1% from July. It was up 3.5% year-over-year.
The average sales price was up 8.3% from July, and, it was up 3.8% from last August.
The sales price to list price ratio for condos was 99% last month.
Condo sales were up 0.2% over last August.
Condos are selling in thirty-four days, the average is fifty-five days.
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.