July 2020 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$761,729
+7.0%
Pending Properties985
+3.9%
Sale/List Price Ratio99.6%
+0.4%
Days of Inventory27
-21.4%
Trends at a Glance
| Trends At a Glance |
Jul 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$702,500 (+7.3%) |
$655,000 |
$655,000 (+7.3%) |
| Average Price |
$761,729 (+7.0%) |
$712,121 |
$704,918 (+8.1%) |
| No. of Sales |
722 (+17.6%) |
614 |
682 (+5.9%) |
| Pending |
985 (+3.9%) |
948 |
737 (+33.6%) |
| Active |
644 (-10.7%) |
721 |
909 (-29.2%) |
| Sale vs. List Price |
99.6% (+0.4%) |
99.1% |
98.5% (+1.0%) |
| Days on Market |
36 (+5.3%) |
34 |
34 (+3.6%) |
| Days of Inventory |
27 (-21.4%) |
34 |
40 (-33.1%) |
Market Commentary
Sales of single-family, re-sale homes in San Diego County jumped 20.1% in July compared to June. They were up year-over-year for the first time since January, rising 5.2%.
The average sales price for single-family, re-sale homes rose 13.7% year-over-year to set a new record high.
The median sales price for single-family, re-sale homes set a new record high for the second month in a row, rising 11.7% year-over-year. That is the tenth month in a row the median sales price has been higher than the year before.
Inventory fell 15.2% year-over-year. As of the 10th of August, there were 2,354 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at twenty-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 thirty-three last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 99.5%. 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 8% year-over-year. It also set a new record high.
The average sales price for condos was up 9.1% from last July.
The sales price to list price ratio for condos was 99.7% last month.
Condo sales were up 7.6% over last July.
Condos are selling in thirty-one days, the average is fifty-five days.
Inventory was up for the nineteenth month in a row. It rose 24% year-over-year. As of the 10th of August, there were 1,443 condos for sale.
Days of Inventory now stands at thirty-five. 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.