July 2022 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$1,167,950
+2.9%
Pending Properties603
+6.2%
Sale/List Price Ratio99.9%
-1.4%
Days of Inventory146
+42.6%
Trends at a Glance
| Trends At a Glance |
Jul 2022 |
Previous Month |
Year-over-Year |
| Median Price |
$977,500 (-2.3%) |
$1,000,000 |
$905,000 (+8.0%) |
| Average Price |
$1,167,950 (+2.9%) |
$1,135,090 |
$1,032,930 (+13.1%) |
| No. of Sales |
244 (-17.8%) |
297 |
407 (-40.0%) |
| Pending |
603 (+6.2%) |
568 |
477 (+26.4%) |
| Active |
1,189 (+13.2%) |
1,050 |
531 (+123.9%) |
| Sale vs. List Price |
99.9% (-1.4%) |
101.4% |
104.2% (-4.2%) |
| Days on Market |
26 (+46.6%) |
18 |
17 (+55.0%) |
| Days of Inventory |
146 (+42.6%) |
103 |
39 (+273.5%) |
Market Commentary
Sales of single-family, re-sale homes in San Diego County were down 40.8% year-over-year. That’s eight months in a row home sales have been lower than the year before. There were 1,440 homes sold last month. The average since January 2001 is 1,990.
The average sales price for single-family, re-sale homes fell 20.6% from June, but it was up 6.9% year-over-year.
The median sales price for single-family, re-sale homes fell 2.6% from June. It was up 8.2% year-over-year. That is the thirty-fourth month in a row the median sales price has been higher than the year before.
Inventory rose 119% year-over-year. As of the 10th of August, there were 7,612 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at one-hundred and fifty-nine. 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-five last month. The average since January 2001 is fifty-seven days.
The median sales price for re-sale condos was up 15.5% year-over-year.
The average sales price for condos was up 14.1% year-over-year.
Condo sales were down 40.4% compared to last June.
Condos are selling in twenty days, the average is fifty-five days.
Condo inventory rose 87.2% year-over-year. As of the 10th of August, there were 3,120 condos for sale.
Days of Inventory now stands at 117. 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.