Real Estate Report presented by Road Runner Realty

May 2021 Report

Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >


Median Price
$875,000
+6.7%
Average Price
$937,437
-2.1%
No. Sold
200
-47.2%
Pending Properties
561
+2.9%
Active
297
+3.1%
Sale/List Price Ratio
104.6%
+1.4%
Days on Market
23
+2.4%
Days of Inventory
45
+102.2%

Market Barometer

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Market Commentary

Sales Prices Set New Highs, Again

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.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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