September North County and San Diego real estate markets are still strong. If you’re thinking of selling, the time is right. If you’re looking to buy, it is the best of times, and it is the worst of times. Buyers can take advantage of historically low interest rates, but are being thwarted by the lack of inventory.

Is the market likely to change soon? Experts predict the real estate market will remain strong throughout 2020, but some think we may see a slowdown in 2021. Mortgage lenders expect home loan rates to remain low, perhaps through 2021. But they do caution that with a COVID vaccine or possible inflation, we will see interest rates rise.

North County and San Diego Real Estate September 2020

Both North County and San Diego County as a whole saw strong, year-over, median price gains of 12.6 and 11.9 percent respectively. Inventory dropped compared to last year by approximately 50 percent. Year-over market times were significantly shorter, and while we saw a drop in new listings, pending sales increased by approximately 25 percent.

See below for this month’s statistics and daily interest rate updates.