Real Estate Report presented by Patty Moore-Davidson

August 2021 Report

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


Median Price
$832,000
-2.7%
Average Price
$1,081,250
-2.8%
No. Sold
2,316
-4.8%
Pending Properties
3,306
+7.9%
Active
3,482
+0.2%
Sale/List Price Ratio
102.6%
-0.5%
Days on Market
23
+7.8%
Days of Inventory
45
+5.3%

Market Barometer

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Market Commentary

Home Sales Prices Dip from July

The average sales price for single-family, re-sale homes fell 2.8% in August from July. It was up 15.7% year-over-year.

The median sales price for single-family, re-sale homes was down 2.7% compared to July. It gained 14% year-over-year. That is the twenty-third 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 4.8% year-over-year. There were 2,316 homes sold last month. The average since January 2001 is 1,990.

Inventory rose 94.7% year-over-year. As of the 10th of September, there were only 3,482 homes for sale, compared to an average of 7,739.

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

The sales price to list price ratio stayed over 100%: it was 102.6%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.

The median sales price for re-sale condos set a new high last month. It was up 17.9% year-over-year.

The average sales price for condos was up 14.4% from last August.

The sales price to list price ratio for condos also stayed over 100%: it was 102.2%.

Condo sales were up 7.5% compared to last August.

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

Condo inventory rose 76.9% year-over-year. As of the 10th of September, there were 1,560 condos for sale.

Days of Inventory now stands at thirty-six. 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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