May 2020 Report
Single Family Homes in Central San Diego, All Cities, All Neighborhoods Change >
Average Price$898,492
-13.0%
Pending Properties540
+24.4%
Sale/List Price Ratio98.7%
-0.8%
Days of Inventory65
+16.6%
Trends at a Glance
| Trends At a Glance |
May 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$722,500 (-2.6%) |
$742,100 |
$705,000 (+2.5%) |
| Average Price |
$898,492 (-13.0%) |
$1,032,440 |
$975,926 (-7.9%) |
| No. of Sales |
280 (-7.3%) |
302 |
484 (-42.1%) |
| Pending |
540 (+24.4%) |
434 |
482 (+12.0%) |
| Active |
602 (+4.5%) |
576 |
513 (+17.3%) |
| Sale vs. List Price |
98.7% (-0.8%) |
99.5% |
98.9% (-0.2%) |
| Days on Market |
25 (+11.9%) |
23 |
30 (-16.3%) |
| Days of Inventory |
65 (+16.6%) |
55 |
32 (+102.8%) |
Market Commentary
Sales of single-family, re-sale homes in San Diego County tanked in May. They dropped 43.6% year-over-year.
The average sales price for single-family, re-sale homes fell 0.7% year-over-year.
The median sales price for single-family, re-sale homes rose 2.4% year-over-year. That is the eighth month in a row the median sales price has been higher than the year before.
Inventory was fell 0.7% year-over-year. As of the 10th of June, there were 2,739 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at sixty-three. 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 was 98.7%. 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 1.2% year-over-year.
The average sales price for condos was down 4.5% from last May.
The sales price to list price ratio for condos was 99.2% last month.
Condo sales were down 48.6% over last May.
Condos are selling in twenty-seven days, the average is fifty-five days.
Inventory was up for the seventeenth month in a row. It rose 30.4% year-over-year. As of the 10th of June, there were 1,518 condos for sale.
Days of Inventory now stands at seventy-five. 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.