Real Estate Report presented by Patty Moore-Davidson

October 2021 Report

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


Median Price
$845,000
0.0%
Average Price
$1,138,580
+3.0%
No. Sold
2,141
-6.0%
Pending Properties
3,338
+0.3%
Active
3,722
+1.9%
Sale/List Price Ratio
101.5%
0.0%
Days on Market
25
+6.0%
Days of Inventory
52
+12.1%

Market Barometer

Enlarge >
Loading...

Market Commentary

Sales & Prices Rise in October

The average sales price for single-family, re-sale homes set a new high last month. It rose 3% in October from September. It was up 18.5% year-over-year.

The median sales price for single-family, re-sale homes was up 17.4% year-over-year. That is the twenty-fifth 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 up 55.7% year-over-year. There were 2,141 homes sold last month. The average since January 2001 is 1,990.

Inventory rose 93.3% year-over-year. As of the 10th of November, there were only 3,722 homes for sale, compared to an average of 7,739.

Days of Inventory now stands at fifty-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 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 101.5%. 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 18.4% year-over-year.

The average sales price for condos also set a new high. It was up 23.3% from last October.

The sales price to list price ratio for condos also stayed over 100%: it was 101.8%.

Condo sales were up 92.2% compared to last September.

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

Condo inventory rose 35.3% year-over-year. As of the 10th of November, there were 1,609 condos for sale.

Days of Inventory now stands at forty-four. 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...