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San Diego Market Report - October 2017

November 16th, 2017 10:47 AM by Heather Tardanico

How's The Market?
San Diego Market Report - October 2017

Supply will dip for the remainder of the year, but there are some hopeful signs that we may see a bump in the new year. To say that more inventory will immediately impact housing markets is premature, especially if affordability continues to drop and prices continue to rise. For the 12-month period spanning November 2016 through October 2017, Pending Sales in San Diego County were down 1.9 percent overall. The price range with the largest gain in sales was the $1,000,001 to $1,250,000 range, where they increased 20.0 percent.

The overall Median Sales Price was up 8.0 percent to $529,250. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 7.2 percent to $595,000. The price range that tended to sell the quickest was the $250,001 to $500,000 range at 25 days; the price range that tended to sell the slowest was the $1,250,001 Or More range at 61 days.

Market-wide, inventory levels were down 22.9 percent. The property type that lost the least inventory was the Condos - Townhomes segment, where it decreased 10.5 percent. That amounts to 1.9 months supply for Single-Family Homes and 1.5 months supply for Condos - Townhomes.

Posted by Heather Tardanico on November 16th, 2017 10:47 AM


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