September 2021 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$975,417
-5.5%
Pending Properties504
-2.9%
Sale/List Price Ratio101.7%
-0.6%
Trends at a Glance
| Trends At a Glance |
Sep 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$870,000 (-4.6%) |
$911,500 |
$705,500 (+23.3%) |
| Average Price |
$975,417 (-5.5%) |
$1,032,490 |
$767,087 (+27.2%) |
| No. of Sales |
366 (-2.1%) |
374 |
736 (-50.3%) |
| Pending |
504 (-2.9%) |
519 |
443 (+13.8%) |
| Active |
538 (+8.5%) |
496 |
424 (+26.9%) |
| Sale vs. List Price |
101.7% (-0.6%) |
102.3% |
100.5% (+1.2%) |
| Days on Market |
22 (-3.6%) |
23 |
28 (-21.3%) |
| Days of Inventory |
43 (+7.1%) |
40 |
17 (+155.2%) |
Market Commentary
The average sales price for single-family, re-sale homes rose 2.3% in September from August. It was up 16.8% year-over-year.
The median sales price for single-family, re-sale homes was up 1.6% compared to August. It gained 16.2% year-over-year. That is the twenty-fourth month in a row the median sales price has been higher than the year before.
Sales of single-family, re-sale homes in San Diego County were down 11.3% year-over-year. There were 2,277 homes sold last month. The average since January 2001 is 1,990.
Inventory rose 84% year-over-year. As of the 10th of October, there were only 3,653 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at forty-seven. 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 twenty-three last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio stayed over 100%: it was 101.5%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.
The median sales price for re-sale condos set a new high last month. It was up 16.5% year-over-year.
The average sales price for condos also set a new high. It was up 17.7% from last September.
The sales price to list price ratio for condos also stayed over 100%: it was 101.9%.
Condo sales were up 5.7% compared to last September.
Condos are selling in twenty-one days, the average is fifty-five days.
Condo inventory rose 40.5% year-over-year. As of the 10th of October, there were 1,564 condos for sale.
Days of Inventory now stands at thirty-six. The average is 123.
If you would like to know what’s going on in your neighborhood, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale and what has sold.