Low interest rates and a lack of inventory are helping to promote continued appreciation as shown in July’s San Diego County housing market report. The number of detached homes that sold in June also increased, while the median number of days those homes were on the market did not change significantly.

Those record low interest rates have started moving upward, and are probably going to be increasing more in the near future. While most economists don’t expect the Federal Reserve’s Open Market Committee to make changes to the Federal Funds Rate when they meet later this month, they do predict the Fed will start raising rates as soon as September. This will make housing less affordable for home buyers in San Diego County. If you’ve been thinking of buying, you might want to move quickly to lock in today’s low rates.

Take a look at the North County and San Diego County summaries below, or click on the links for a detailed view of June’s statistics.

June’s San Diego County housing market report indicates continued price increases countywide at a sustainable rate. North County’s month-over prices showed no increase when detached and attached numbers were combined, but when looked at separately, each category did show month to month median price increases. The annual price increase for detached homes in North County was almost 9 percent.

We saw an increase in the number of homes going under contract in May along with a decrease in new listings coming on the market. This will not help alleviate the already tight supply our market is experiencing.

Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at May’s statistics.

April’s San Diego County housing market report shows continued strength. After March’s quick uptick, both North County and San Diego County pricing remained fairly level on a month-over basis, but homes sold even more quickly in April than they did in March.

Detached homes appreciated between five to six percent compared to the previous year. Attached home prices grew between one and two percent depending on location.

The number of active listings increased in April, but the number of sold units grew by double that amount, keeping inventory supply under three months.

Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at April’s statistics.