I can’t speak for the rest of the country, but here in San Diego County we are experiencing low inventory, short market times and rising prices. Here is a snapshot of the April housing report along with two links to the full reports for both San Diego County as a whole and the North County area.
• The median price for all North County home sales – attached and detached – increased to $470,000 in April 2013 compared to $448,000 in March 2013.
• Detached homes in North County increased 1.9 percent in April 2013 to $535,000 compared to $525,000 in March 2013.
• Year-over median price in North San Diego County jumped 27.38 percent, compared to $420,000 reported in April 2012.
• April 2013 marked the highest price increase in North County since mid-2008.
• The countywide median SFD price increased 1.27 percent to $400,000 in April 2013 compared to $395,000 in March 2013.
• Year-over non-North County median price jumped 17.73 percent compared to $339,750 in April 2012.
• The number of North San Diego SFD listings (active and contingent) rose 0.76 percent in April 2013 compared to March 2013.
• The number of sold North San Diego County SFD units increased 9.03 percent in April 2013 compared to March 2013. Year-over sold SFD units increased 8.91 percent compared to April 2012.
• Median days-on-market for single-family detached homes sold in North County fell to 19 days in April 2013 compared to 26 days in March 2013.
• The HomeDex affordability percentage for all homes in North San Diego County decreased to 36 percent in April 2013, compared to 39 percent in March 2013.
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.