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.
Continue reading North County and San Diego Housing Markets March 2025
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.
Continue reading North County and San Diego Housing Markets February 2025
This month’s North County and San Diego housing markets report wraps up 2024. To get an idea of what 2025 might look like, be sure to check out my 2025 Market Predictions post. But remember, the market is always changing and is influenced by mortgage rates, the economy, government policies, and even natural disasters like the current LA wildfires.
Continue reading North County and San Diego Housing Markets January 2025
Home prices in the North County and San Diego housing markets are still increasing, but are now climbing at a healthier annual rate of 3-4 percent. San Diego County continues to be a seller’s market, but higher end markets and those farther from jobs are not as strong for sellers.
Continue reading North County and San Diego Housing Markets December 2024
The year-over median price of homes in the North County and San Diego housing markets increased by over 5 percent in October. Now that the election is over, will it affect home prices and mortgage rates? Not necessarily. This is because most housing decisions are made on the local and state level rather than the federal level, broader economic factors drive housing prices and mortgage rates, plus change is slow. Due to all of these factors, experts aren’t predicting much change in the short term, and say housing prices will most likely continue to rise.
Continue reading North County and San Diego Housing Markets November 2024
The year-over median price of homes increased last month in both the North County and San Diego housing markets after decreasing slightly in August. This may be due to September’s lower mortgage rates that came in anticipation of the Fed’s rate cut.
Continue reading North County and San Diego Housing Markets October 2024
Both the North County and San Diego housing markets saw a month-over, median home price decrease in August. In North County, prices also dropped by 1.6 percent year-over, while San Diego County showed a slight increase of 1.1 percent.
Continue reading North County and San Diego Housing Markets September 2024
The North County and San Diego housing markets saw more closed sales in July compared to June, but the month-over median price decreased and gains in the year-over median price were lower. Countywide, supply increased significantly compared to last year and is now at 2.4 months. This is still low compared to a “normal” market.
Continue reading North County and San Diego Housing Markets August 2024
Although month-over numbers do show some signs of softening, the North County and San Diego housing markets had strong year-over price gains in June. And with today’s inflation easing CPI report and recent jobs report, mortgage rates are now below 7 percent.
Continue reading North County and San Diego Housing Markets July 2024
Even with higher mortgage rates, North County and San Diego housing markets continued to show strong price gains in May. The median price countywide did see a slight drop month-over, but still grew by 9.1 percent year-over. The median price in North County increased $10,000 monthly, and gained 15.1 percent compared to the previous May.
Continue reading North County and San Diego Housing Markets June 2024