November 2019 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$688,841
+0.1%
Pending Properties824
+3.3%
Sale/List Price Ratio98.4%
+0.3%
Trends at a Glance
| Trends At a Glance |
Oct 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$639,400 (+0.4%) |
$636,750 |
$625,000 (+2.3%) |
| Average Price |
$688,841 (+0.1%) |
$688,212 |
$665,361 (+3.5%) |
| No. of Sales |
602 (+7.9%) |
558 |
529 (+13.8%) |
| Pending |
824 (+3.3%) |
798 |
532 (+54.9%) |
| Active |
1,154 (-4.8%) |
1,212 |
748 (+54.3%) |
| Sale vs. List Price |
98.4% (+0.3%) |
98.2% |
97.6% (+0.8%) |
| Days on Market |
44 (+4.4%) |
42 |
42 (+3.6%) |
| Days of Inventory |
58 (-8.7%) |
63 |
42 (+35.6%) |
Market Commentary
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.