Prices in the San Diego housing market increased year over year despite weaker sales activity. Limited inventory may be helping support prices, but August’s drop in pending and closed sales and slightly weaker seller terms point to a softer market.
The Federal Reserve raised its benchmark interest rate by a quarter point today, its first increase in more than three years. Mortgage rates had already moved above 7 percent ahead of the widely expected decision. What may matter more for mortgage rates going forward is what the Fed says about future rate increases and how the bond market responds.
Below are answers to some of the most common questions about current market conditions.
San Diego Housing Market FAQs
Are home prices rising in San Diego County?
Year over year, the countywide median price was up 7.1 percent, compared with a 3.4 percent increase in North County. Month over month, however, the picture was mixed, with the countywide median increasing slightly and the North County median declining slightly.
What is happening with housing inventory in San Diego County?
Inventory remains limited and changed very little from July. Countywide supply declined slightly in August, while North County was essentially unchanged. Year over year, inventory was lower both countywide and in North County.
Are homes taking longer to sell?
Compared with July, homes took slightly longer to sell. Year over year, however, market times were still a little shorter in both San Diego County and North County.
Are home sales increasing?
No. Pending and closed sales were lower than in July and lower than a year ago, both countywide and in North County.
Is San Diego County still a seller’s market?
Altos Research classified both single-family homes and condos as having a slight seller’s advantage in August. Altos Research’s index for single-family homes has dropped two points since June, showing that the market has moved a little closer to balanced. Conditions still vary by neighborhood, price range and property type.
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 3.4 percent.
- Detached home prices increased 1.9 percent, from $1,177,500 to $1,200,000.
- Sold units decreased 7.1 percent. Pending sales dropped 18.8 percent.
- Median days on market dropped from 36 last year to 35.
- Months of inventory decreased from 4.5 months to 2.8 months.
San Diego County Housing Summary
Here are the numbers for San Diego County.
- Median prices rose 7.1 percent, from $901,000 to $965,000.
- Detached home prices increased 4.7 percent to $1,120,000.
- Attached home prices increased 0.1 percent to $670,000.
- Months of inventory dropped from 3.3 months to 2.9 months.