Real Estate Report presented by Tami McCraw

November 2019 Report

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


Median Price
$639,400
+0.4%
Average Price
$688,841
+0.1%
No. Sold
602
+7.9%
Pending Properties
824
+3.3%
Active
1,154
-4.8%
Sale/List Price Ratio
98.4%
+0.3%
Days on Market
44
+4.4%
Days of Inventory
58
-8.7%

Market Barometer

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Market Commentary

Prices & Sales Rise in October

The median sales price for single-family, re-sale homes rose 1.6% in October compared to September. It was up 3.2% year-over-year.

The average sales price for homes was up 3.6% from September, but, it was down 0.8% from last October.

Home sales were up for the fourth month in a row, rising 9.7% year-over-year. Year-to-date, home sales are up 0.1%.

Inventory was down for the fifth month in a row. It gained 23.7% year-over-year.

Days of Inventory now stands at fifty-seven. The average is 133.

Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-eight last month. The average since January 2001 is fifty-seven days.

The sales price to list price ratio was 98.4%. 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 2.3% from September. It was up 2.2% year-over-year.

The average sales price was up 2.0% from September, and, it was up 4.6% from last October.

The sales price to list price ratio for condos was 98.9% last month.

Condo sales were up 4.1% over last October.

Condos are selling in thirty-four days, the average is fifty-five days.

Inventory was down for the fifth month in a row. It dropped 7.0% year-over-year.

Days of Inventory now stands at fifty-two. 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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