Real Estate Report presented by Patty Moore-Davidson

October 2020 Report

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


Median Price
$720,000
-1.2%
Average Price
$963,835
+1.5%
No. Sold
1,323
-48.0%
Pending Properties
1,740
-5.1%
Active
1,397
+14.9%
Sale/List Price Ratio
99.8%
-0.2%
Days on Market
32
+12.8%
Days of Inventory
32
+128.4%

Market Barometer

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Market Commentary

Prices Continue Rising, Sales Slump

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.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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