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.
May 2013 NORTH COUNTY HomeDex Report
May 2013 FULL COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.