May 2021 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$937,437
-2.1%
Pending Properties561
+2.9%
Sale/List Price Ratio104.6%
+1.4%
Days of Inventory45
+102.2%
Trends at a Glance
| Trends At a Glance |
May 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$875,000 (+6.7%) |
$820,000 |
$659,000 (+32.8%) |
| Average Price |
$937,437 (-2.1%) |
$957,835 |
$721,254 (+30.0%) |
| No. of Sales |
200 (-47.2%) |
379 |
356 (-43.8%) |
| Pending |
561 (+2.9%) |
545 |
702 (-20.1%) |
| Active |
297 (+3.1%) |
288 |
689 (-56.9%) |
| Sale vs. List Price |
104.6% (+1.4%) |
103.1% |
98.5% (+6.2%) |
| Days on Market |
23 (+2.4%) |
22 |
40 (-43.5%) |
| Days of Inventory |
45 (+102.2%) |
22 |
58 (-23.3%) |
Market Commentary
The median sales price for single-family, re-sale homes set a new high in May for the sixth month in a row. It gained 32.2% year-over-year. That is the twentieth month in a row the median sales price has been higher than the year before.
The average sales price for single-family, re-sale homes also set a new high last month for the fifth month in a row. It rose 43.3% year-over-year.
Sales of single-family, re-sale homes in San Diego County were down 22.9% year-over-year. There were 1,043 homes sold last month. The average since January 2001 is 1,990.
Inventory fell 10.5% year-over-year. As of the 10th of June, there were only 2,179 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at sixty-three. 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 103.5%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.
The median sales price for re-sale condos also set a new high in May, for the fourth month in a row. It was up 26.4% year-over-year.
The average sales price for condos also set a new high, for the third month in a row. It was up 31.8% from last May.
The sales price to list price ratio for condos also stayed over 100%: it was 103%.
Condo sales were down 11.6% compared to last May.
Condos are selling in nineteen days, the average is fifty-five days.
Condo inventory rose 8.2% year-over-year. As of the 10th of June, there were 1,177 condos for sale.
Days of Inventory now stands at sixty-four. The average is 123.
If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale and what has sold.