San Diego County is seeing a mix of active listings and steady contract activity. Inventory sits at 4,442 homes, with 2,460 new listings coming to market and 2,228 going under contract. Supply has inched up 1.05 percent month over month, yet it is still down 18.26 percent compared with last year, helping keep conditions tilted toward sellers in this seller's market.
Pricing is holding firm even as sales dynamics shift. The typical home value is $899,000, slightly higher than the California average of $820,800, and is flat month over month but down 1.75 percent from a year ago. Median list price has moved up 4.45 percent from last month to $939,000, with projections pointing to about $959,000 next month, indicating sellers are testing higher price points as buyers compete over limited options.
Homes are taking a bit longer to secure offers, spending a median of 35 days on the market, which is nearly 40 percent higher than a year ago, yet the faster month-over-month pace suggests buyers are acting more quickly than they did recently. Around 23 percent of listings see a price drop, but roughly 34 percent of homes still sell above list price, and the average sale-to-list price ratio is just under 1.0. With only 2.6 months of supply and a market gauge of 20 underscoring the seller’s edge, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands these conditions.
