Real Estate Report presented by Patty Moore-Davidson

December 2021 Report

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


Median Price
$830,000
-1.2%
Average Price
$1,063,290
-2.9%
No. Sold
2,028
-1.3%
Pending Properties
2,739
-15.3%
Active
3,440
-6.3%
Sale/List Price Ratio
101.9%
+0.4%
Days on Market
25
-5.4%
Days of Inventory
51
-1.8%

Market Barometer

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Market Commentary

Prices Up, Sales Down to End the Year

The average sales price for single-family, re-sale homes slipped a bit from the new high set in October. It fell 3.1% in December from November. Nevertheless, it was up 12% year-over-year.

The median sales price for single-family, re-sale homes was up 13.7% year-over-year. That is the twenty-seventh 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 down 8.9% year-over-year. There were 2,028 homes sold last month. The average since January 2001 is 1,990.

Inventory rose 282.2% year-over-year. As of the 10th of January, there were only 3,440 homes for sale, compared to an average of 7,739.

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

The sales price to list price ratio stayed over 100%: it was 101.9%. 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 19.2% year-over-year.

The average sales price for condos set a new high in December, for the fourth month in a row. It was up 108.1% from last December.

Condo sales were down 13.8% compared to last December.

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

Condo inventory rose 121.1% year-over-year. As of the 10th of January, there were 1,413 condos for sale.

Days of Inventory now stands at forty-one. 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

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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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