Sales Down, Prices Mixed

George Lorimer
Saturday, October 15, 2022
Sales Down, Prices Mixed
Home Sales Continue to Fall, and Prices Mixed

WOW - Look at this DAYS OF INVENTORY BUILD-UP - How has your home price changed? 



Sales of single-family, re-sale homes in San Diego County were down 31.9% year-over-year. That’s ten months in a row home sales have been lower than the year before. There were 1,550 homes sold last month. The average since January 2001 is 1,990. The average sales price for single-family, re-sale homes fell 3.1% from August and was down 0.3% year-over-year.

Recent Price Reductions - Search Homes

MEDIAN STATS
The median sales price for single-family, re-sale homes rose 1% from August. It was up 5.1% year-over-year. That is the thirty-sixth month in a row where the median sales price has been higher than the previous year.
 

INVENTORY
Inventory rose 135.8% year-over-year. As of the 10th of October, there were 8,614 homes for sale, compared to an average of 7,739.
Days of Inventory now stand at one-hundred and sixty-one. The average is 131.
Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-four last month. The average since January 2001 is fifty-seven days. Get Full Report

CONDOS
The median sales price for re-sale condos was up 6.2% year-over-year. The average sales price for condos was up 4.7% year-over-year.
Condo sales were down 36.3% compared to last September. 

Condos are selling in thirty days; the average is fifty-five days.

Condo inventory rose 122.1% year-over-year. As of the 10th of October, there were 3,474 condos for sale.

Days of Inventory now stand at 127. The average is 123.

If you want to know what’s happening in your neighborhood, click here.

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