The May 2018 North County and San Diego Real Estate Market Report brings us a month of firsts. The median home price countywide hit its highest point ever at $575,000. That’s $15,000 higher than in March and 8.7 percent more compared to the previous year. North County also saw a new high with its median price increasing 7.4 percent over the previous year, hitting $644,500.

April’s other first was a year-over increase in new listings in both North County and San Diego County as a whole. We haven’t seen this happen since August 2016. This increase in new listings combined with fewer sales kept inventory levels from decreasing. They are still quite low at 2.1 months in North County and 1.9 months in San Diego County, but this is the first time inventory has not seen a year-over drop since 2015.