San Diego Real Estate Market Update – March 2019

“How’s the market?”🤔 The latest San Diego County housing numbers are in! Sales are still down, and inventory is on the rise, but the latest figures indicate a more balanced market than we’ve seen over the past several months. Check out our video to find out what this could mean for the market going forward!📈

February 2019 Overview (Compared to February 2018)

•Closed sales decreased 13.1% for detached homes, and 18.1% for attached homes.

•Pending sales increased 7.6% for detached homes, and decreased 8.6% for attached homes.

•Inventory increased 12.6% for detached homes, and 38.1% for attached homes.

•The median sales price was up 3.1% to $615,000 for detached homes, and down 1.9% to $415,000 for attached homes.

•Days on market increased 25.8% for detached homes, and 27.6% for attached homes.

•Supply increased 21.1% for detached homes, and 57.1% for attached homes.

*Percent changes are calculated using rounded figures. Current as of March 5, 2019. All data from Shared Paragon Network.

 

Overall Market Snapshot (Attached and Detached Homes)

San Diego Real Estate Market Update

If you’re curious about your home’s value, contact us for a free market analysis: https://bit.ly/2Cb3R6r.

Eric & Deva Edelman, Realtors
Century 21 Award | DRE# 01430056
9934 Mercy Road San Diego, CA 92129
Phone: 858.673.7573
Email: edelmanrealty@gmail.com