May housing statistics seem to indicate we are continuing to move toward a more balanced market.
Even though we are seeing signs of stabilization with price increases slowing down, more homes coming on the market, and fewer homes selling compared to last year, we are also experiencing a market in which homes are selling very quickly. The active market time for listings in San Diego County is the shortest it has been in the last 10 years! The median number of days on market for single-family detached homes sold in North County decreased to 19 in May 2014. Homes are getting snatched up quickly.
To read the full housing statistics reports, please click on the links below.
FULL COUNTY REPORT NORTH COUNTY REPORT
• The median price for all North County home sales – attached and detached increased to $510,000 in May 2014 compared to $493,750 in April 2014.
• Detached homes in North County decreased 1.49 percent to $562,500 in May 2014 compared to $571,000 in April 2014.
• Year-over median SFD price in North San Diego County increased 1.26 percent, compared to $555,500 in May 2013, continuing 22 straight months of year-over median price increases.
• The median SFD price in non-North County ZIP codes increased 1.67 percent to $457,500 in May 2014 compared to $450,000 in April 2014.
• Year-over the median price for non-North County SFD homes increased 8.93 percent compared to $420,000 in May 2013 – the 26th straight month of year-over median price increases.
• The number of North San Diego SFD listings (active and contingent) increased 10.13 percent in May 2014 compared to April 2014.
• The number of sold North San Diego County SFD units increased 4.63 percent in May 2014 compared to April 2014. Year-over sold SFD units decreased 16.06 percent compared to May 2013.
• Median days-on-market for single-family detached homes sold in North County decreased to 19 days in May 2014 compared to 27 days in April 2014.
• The HomeDex affordability percentage for all homes in North San Diego County decreased to 31 percent in May 2014 compared to 32 percent in April 2014.
MAY 2014 FULL COUNTY HomeDex Report
MAY 2014 NORTH COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.