Real Estate Report presented by Neal Hribar

January 2020 Report

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


Median Price
$650,000
0.0%
Average Price
$822,717
+1.1%
No. Sold
1,779
-3.8%
Pending Properties
1,888
-16.4%
Active
2,236
-12.0%
Sale/List Price Ratio
98.5%
-0.1%
Days on Market
41
+7.3%
Days of Inventory
38
-5.4%

Market Barometer

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Market Commentary

Prices & Sales Continued Rising in December

The median sales price for single-family, re-sale homes rose 5.5 year-over-year. That is the fourth month in a row the median sales price has been higher than the year before.

The average sales price was up 4.8% from last December.

Home sales were up for the sixth month in a row, rising 24.1% year-over-year. For the year, home sales are up 4.9%.

Inventory was down for the seventh month in a row. It dropped 32.5% year-over-year. As of the 10th of January, there were 2,236 homes for sale.

Days of Inventory now stands at thirty-eight. The average is 133.

Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was forty-one last month. The average since January 2001 is fifty-seven days.

The sales price to list price ratio was 98.5%. 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 1.6% from November. It was up 6% year-over-year.

The average sales price was down 2.6% from November, but, it was up 3.7% from last December.

The sales price to list price ratio for condos was 98.9% last month.

Condo sales jumped 54.5% over last December.

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

Inventory was down for the seventh month in a row. It dropped 22.8% year-over-year. As of the 10th of December, there were 1,139 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, 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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