San Diego Market Snapshot
The number of homes that sold in San Diego during 2018 was 7% below a year earlier. This translates to 2,900 fewer homes that sold across the region this year.
As sales volume has slowed, the inventory of homes available for sale has grown. At the end of 2018, 8,400 homes were for sale across San Diego, up significantly from 5,800 a year earlier, when inventory was near an historic low. While higher than 2017, today’s inventory is still low in comparison with historic standards.
Home prices in the region are slowing from month-to-month, but continue to rise on an annual basis, currently averaging 3% above a year earlier. The average price-to-list ratio is currently 96% in San Diego, below a year earlier when it was 98%.

Interest rates have decreased in recent months, averaging 4.29% for a 30-year fixed rate mortgage (FRM) in March 2019. This average rate is about level with this time last year, a positive change for homebuyers, as FRM rates peaked in late-2018 and have since fallen back.

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