The North County and San Diego housing markets both saw year-over price increases, though median values remain near spring levels. A slowdown in new listings has kept summer inventory from expanding. However, homes are taking longer to sell and sellers are securing lower sales prices relative to their asking prices.

Although we did see month-over gains, year-over prices in the North County and San Diego housing markets remained flat or have decreased slightly.

Median home prices continued to creep up in both the North County and San Diego housing markets. And while homes stayed on the market quite a bit longer than they did a year ago, market times shortened compared to January.

January sales ticked up in both the North County and San Diego housing markets, but the number of new listings was almost double the number of pending sales. While housing inventory here remains very low at just two months, this may be an indicator that it’s increasing. This aligns with national trends, where housing inventory is now up to five months.