Real Estate Report presented by Neal Hribar

April 2020 Report

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


Median Price
$670,000
0.0%
Average Price
$818,132
-6.8%
No. Sold
1,471
-16.6%
Pending Properties
2,084
-15.7%
Active
2,614
+7.0%
Sale/List Price Ratio
99.4%
-0.1%
Days on Market
28
-13.9%
Days of Inventory
52
+24.0%

Market Barometer

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Market Commentary

Sales Plunge in April

Sales of single-family, re-sale homes in San Diego County tanked in April. They dropped 31.2% year-over-year.

The average sales price for single-family, re-sale homes dropped from the high set in March. It was up 2.7% year-over-year.

The median sales price for single-family, re-sale homes maintained the high set in March of $670,000. It was up 4.7% year-over-year. That is the seventh month in a row the median sales price has been higher than the year before.

Inventory was flat year-over-year. As of the 10th of May, there were 2,614 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-eight last month. The average since January 2001 is fifty-seven days.

The sales price to list price ratio was 99.4%. 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 3.8% year-over-year.

The average sales price for condos was up 5% from last April.

The sales price to list price ratio for condos was 99.6% last month.

Condo sales were down 34% over last April.

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

Inventory was up for the sixteenth month in a row. It rose 32.9% year-over-year. As of the 10th of May, there were 1,479 condos for sale.

Days of Inventory now stands at sixty-three. 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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