September 2019 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$685,722
-3.0%
Pending Properties527
-6.1%
Sale/List Price Ratio98.3%
-0.3%
Days of Inventory47
+67.8%
Trends at a Glance
| Trends At a Glance |
Aug 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$645,000 (-1.5%) |
$655,000 |
$665,000 (-3.0%) |
| Average Price |
$685,722 (-3.0%) |
$706,752 |
$696,436 (-1.5%) |
| No. of Sales |
658 (-0.5%) |
661 |
656 (+0.3%) |
| Pending |
527 (-6.1%) |
561 |
782 (-32.6%) |
| Active |
1,039 (+67.0%) |
622 |
1,503 (-30.9%) |
| Sale vs. List Price |
98.3% (-0.3%) |
98.6% |
98.5% (-0.2%) |
| Days on Market |
41 (+19.9%) |
34 |
38 (+8.2%) |
| Days of Inventory |
47 (+67.8%) |
28 |
69 (-31.1%) |
Market Commentary
After setting a new high in June, the median sales price for single-family, re-sale homes fell in July, but, rose in August by 0.1%. It was down 0.8% year-over-year.
The average sales price for homes was up 3.4% from July, and, it was up 3.1% over last August.
Home sales were up for the second month in a row, rising 3.1% year-over-year. Year-to-date, home sales are down 3.7%.
Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-seven last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 98.5%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.
The median sales price for re-sale condos was up 1.1% from July. It was up 3.5% year-over-year.
The average sales price was up 8.3% from July, and, it was up 3.8% from last August.
The sales price to list price ratio for condos was 99% last month.
Condo sales were up 0.2% over last August.
Condos are selling in thirty-four days, the average is fifty-five days.
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.