The North County and San Diego markets remained very tight in January. There were few new listings and very little existing inventory. Continued low interest rates and pent-up demand are keeping buyers in the market.
These factors are pushing up home prices. In fact, the S & P CoreLogic Case-Shiller Indices show that in November, we had the highest monthly price gains we’ve seen in six years. And they expect pressure on prices to continue for at least the first six months of 2021.
North County and San Diego Real Estate February 2021
The year-over median price was up 14.2 percent in North County and 9.2 percent in San Diego County overall. New listings dropped sharply, but while North County saw fewer pending and closed sales compared to the previous year, the county as a whole had increases in both. Supply remained very low in all areas with less than one month’s inventory. This continues to make the market a great one for home sellers and a difficult one for home buyers.
See below for this month’s statistics and daily interest rate updates.
Interest Rates
Market Updates
Click on the links below to read the full housing statistics reports.
- NORTH COUNTY MONTHLY INDICATORS
- METRO SAN DIEGO COUNTY MARKET UPDATE
- EAST SAN DIEGO COUNTY MARKET UPDATE
- SOUTH SAN DIEGO COUNTY MARKET UPDATE
- SAN DIEGO COUNTY MONTHLY INDICATORS
- 2020 NORTH COUNTY MARKET REPORT
North County Summary
- The median price for all North County home sales increased 14.2 percent in January 2021 compared to January 2020.
- Detached homes saw a median price increase of 12.7 percent in North County, moving from $710,000 in January 2020 to $800,000 in January 2021.
- The number of sold units in North San Diego County decreased 0.6 percent compared to the previous January. Pending sales decreased 1.7 percent in the same period.
- Median days on market for North San Diego County properties was 22. This is a 52.2 percent decrease from the previous January.
- Inventory supply in North San Diego County dropped from 2.5 months in January 2020 to 0.8 months.
Full County Summary
- The median price for all San Diego County home sales in January 2021 was $650,000. This is a 9.2 percent increase compared to January 2020.
- Detached homes saw a median price increase of 11.9 percent in San Diego County, moving from $655,000 in January 2020 to $744,000 in January 2021.
- Attached homes in San Diego County had an 11.5 percent median price increase compared to the previous year. They moved up to $485,000 in January 2021.
- Inventory supply countywide in January 2021 decreased from 1.9 months a year earlier to 0.8 months.