San Diego Housing Market, May of 2025

George Lorimer
Wednesday, April 30, 2025
San Diego Housing Market, May of 2025



What's My Home Worth? 

Thinking of Buying or Selling in San Diego? Let’s Talk.

Whether you're just starting to explore the market or ready to make a move, a quick conversation can save you time, money, and stress.

Here are a few topics we can cover in a quick call:

  • What’s really happening in the San Diego housing market

  • How to find off-market or unlisted homes before other buyers

  • Writing a winning offer without overpaying

  • Your home’s accurate value and a detailed net sheet of what you’ll walk away with

  • Easy, low-cost fix-ups that can add $10,000+ to your sales price

  • How to sell AS-IS, skip the repairs, and still get top dollar

Call or text George Lorimer at 619-846-1244 for free advice, a second opinion, or a fresh strategy.
No pressure—just straight answers and a game plan that works.


Homes Are Still Selling. Buyers Are Still Buying.

And This is the Busiest Season of the Year.

San Diego County just hit its highest inventory level since 2019—giving buyers more selection and negotiation leverage, including:

  • Seller-paid closing costs

  • Interest rate buydowns

  • More time to choose the right home

For sellers, now is the time to act. We’re still near all-time high prices, and homes that show well and are priced right are flying off the market in just 1–2 weeks.

Want to know what simple upgrades help you sell fast and for top dollar?

Or how to save money and get a lower mortgage payment as a buyer?


Free 15-Minute Home Strategy Call

Call George Lorimer at 619-846-1244 to get started.

Whether you're buying, selling, or both, I’ll walk you through:

  • Your best options to get the right house. 

  • Market timing

  • Accurate pricing

  • A complete net sheet

  • How to maximize value with simple improvements


San Diego County Housing Summary – May 2025

INVENTORY
The active listing inventory increased by 333 homes over the past two weeks, up 7%, now totaling 5,447—the highest level since November 2019.
In March, 28% fewer homes came on the market compared to the pre-COVID average (2017–2019), but 618 more sellers listed their homes compared to March 2024.
Last year at this time: 3,202 homes were on the market—41% fewer than today. The pre-COVID average was 6,190.

DEMAND
Pending sales dropped by 123 in the past two weeks, down 6%, to 1,796—the largest decline of the year.
Last year: 1,880 pending sales (5% more). Pre-COVID average: 3,546 (97% more than now).

MARKET TIME
The Expected Market Time rose from 80 to 91 days—the slowest pace since January.
Last year: 51 days. Pre-COVID average: 53 days.

LUXURY MARKET

  • $2M–$4M homes: Market time increased from 120 to 131 days

  • $4M–$6M homes: Increased from 213 to 300 days

  • $6M+: Jumped from 358 to 498 days

DISTRESSED HOMES
Distressed properties remain rare—only 0.4% of listings and 0.9% of demand.
Currently: 13 foreclosures and 18 short sales (31 total).
This time last year: 11 total distressed homes.

CLOSED SALES

  • March 2025: 1,860 closed sales (down 7% from March 2024)

  • Up 13% from February 2025

  • Sales-to-list price ratio: 98.9%

  • 99.7% of all closings were equity sales

Copyright 2025—Steven Thomas, Reports On Housing—All Rights Reserved.
This report may not be reproduced in whole or in part without express written permission from the author.

George Lorimer at ProWest Properties, DRE# 01146839, *Conditions apply. 


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