The San Diego real estate market is constantly changing. You can track current home prices and trends in San Diego, California here. The data shown on the charts below are from San Diego’s multiple listing service Sandicor, which is the most accurate data available.
Median Sales Price Chart
When looking at sales prices, you should understand the difference between median and average price. The median price is the price where half the homes sold that month were cheaper, and half were more expensive. The average of a set of numbers is the total of those numbers divided by the number of items in that set.
Active Listings Chart
One of the most important numbers to track in a real estate market is the available inventory. The number of active listings shows you the inventory levels in a market. As you can see in the chart below, since 2010, the inventory in the San Diego real estate market has fallen significantly. We have shifted from a strong buyer’s market in 2010 to a strong seller’s market in 2014.
Median Active Market Time Chart
The active market time shows you how long a listing stays on the market, before there is an accepted offer between a buyer and seller. The lower the number, the market is leaning towards a seller’s market. The higher the number, the market is leaning towards a buyer’s market.
San Diego Real Estate Market
Are you looking to sell your home? There may be no better time that now to sell your home for top dollar quickly. Check out my home selling guide at gavingrantrealtor.com/selling.
Are you looking to buy a home? Finding a home is about more than the number of bedrooms / bathrooms and a zip code. It’s about bettering your life. When we work together, your success is in direct alignment with my success. Check out my home buying guide at gavingrantrealtor.com/buying.