Recent data from the Greater San Diego Association of REALTORS® indicate that home sales continued to increase in September. Throughout the month, sold listings varied by about 2 percent. Sales of single-family resale homes decreased by 2 percent in September compared to August, but sales of condo/townhouses increased by 2 percent.
The inventory in the market continued to steady with about three months’ worth of active listings; six months is considered a healthy-market inventory level. Overall, San Diego continues to be one of the best performing markets with homes spending an average of 40 days on the market. Real estate continues to move quickly when priced fairly.
Below is a summary comparing September 2014 to September 2013 provided by the Greater San Diego Association of REALTORS.
September 2014 vs, September 2013
Total Sold Listings
September 2014 = 1,728
September 2013 = 1,742
September 2014 = 865
September 2013 = 901
Median Sale Prices
September 2014 = $510,000
September 2013 = $486,500
September 2014 = $337,500
September 2013 = $305,000
To view and download the full, detailed report, visit www.sdar.com/media/CurrentStats.pdf.