Regional Overview

SAN DIEGO COUNTY
Nationally, the median sales price of a typical home is now $435,300 — a 2% increase from last year and the highest monthly median price ever recorded. In San Diego County, the median sales price is more than double the national figure, reaching $916,500 in July — a 0.2% increase from the same month last year. With fewer buyers entering the market, inventory has grown. There are now 6,485 homes for sale in the county, up 28.7% from last year, which is equivalent to a 3.4-month supply of inventory at the current sales pace. While the market remains competitive, conditions are gradually becoming more favorable for buyers, offering increased flexibility and opportunity in a region that has long posed challenges for homebuyers.

MONTHS SUPPLY OF INVENTORY
Historically, a 4–6 Months Supply of Inventory (MSI) has been associated with a neutral market — one that doesn't favor either sellers or buyers. A supply of less than 4 months generally favors sellers, while more than 6 months usually favors buyers. MSI can vary significantly between locations, property types, and, as illustrated in the chart below, across different price ranges.

SELLING TODAY
As sellers face the slowest summer market since the COVID lockdown in 2020, careful and deliberate pricing is essential for success. Luxury home sellers, in particular, must tune out the noise suggesting a seller's market in lower price ranges and instead take a calculated approach to the selling process—emphasizing smart pricing, exceptional marketing, and patience.

Charts provided by the Greater San Diego Association of Realtors®. All data from the San Diego MLS. Residential real estate activity in San Diego County comprised of single-family properties, townhomes, and condominiums. Percent changes are calculated using rounded figures. Information deemed reliable but not guaranteed.

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