Real Estate Report presented by Road Runner Realty

September 2021 Report

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


Median Price
$870,000
-4.6%
Average Price
$975,417
-5.5%
No. Sold
366
-2.1%
Pending Properties
504
-2.9%
Active
538
+8.5%
Sale/List Price Ratio
101.7%
-0.6%
Days on Market
22
-3.6%
Days of Inventory
43
+7.1%

Market Barometer

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Market Commentary

Home Sales Prices Bounce Back

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.

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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