We continue to see modest year-over price increases in the North County and San Diego housing markets. Although closed and pending sales are lower than a year ago, the changes from August to September were considerably smaller. Inventory remains tight, and the market still favors sellers.
Mortgage rates climbed during September, reaching 7.6 percent on September 30, according to Mortgage News Daily, and an early-October Bankrate survey suggests little immediate relief. If rates remain high, more buyers may postpone their purchases, further slowing sales.
Below are answers to some of the most common questions about current market conditions.
San Diego Housing Market FAQs
Why are San Diego home prices holding steady when sales are declining?
Although fewer homes are selling, the supply of available homes remains limited. San Diego County inventory was down 4.8% year over year in September, and North County had just 2.8 months of supply. With relatively few homes available, prices have remained stable despite slower sales.
Is San Diego County still a seller’s market?
Yes, although the advantage is greater for single-family homes. Altos Research’s October 13 Market Action Index was 41 for houses and 34 for condos, indicating that limited inventory continues to favor sellers, but less so in the condo market.
How could higher mortgage rates affect the housing market?
Higher mortgage rates reduce buyers’ purchasing power, limiting how much they can afford to pay for a home. Weaker demand could put downward pressure on prices, although tight inventory continues to help support home values.
Looking for more detail or wondering what your home is worth in today’s market? Request a free home valuation.
Interest Rates
Below are current mortgage rate averages and recent changes, updated regularly.
Market Updates
Click on the links below to read the San Diego real estate market 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
- 2025 SAN DIEGO COUNTY MARKET REPORT
North County Housing Summary
Here’s how the North County market performed compared to last year.
- Median home prices increased 4.6 percent.
- Detached home prices increased 7.0 percent, from $1,107,000 to $1,185,000.
- Sold units decreased 14.0 percent. Pending sales dropped 21.9 percent.
- Median days on market remained at 38.
- Months of inventory decreased from 4.2 months to 2.8 months.
San Diego County Housing Summary
Here are the numbers for San Diego County.
- Median prices rose 1.7 percent, from $895,000 to $910,000.
- Detached home prices increased 5.8 percent to $1,079,000.
- Attached home prices decreased 0.2 percent to $670,000.
- Months of inventory dropped from 3.1 months to 3.0 months.