Welcome to our Market Conditions blog where we share insights from our real estate market analyses across San Diego County and surrounding areas. Each report examines median home prices, inventory levels, days on market, and price trends based on MLS data. Check back regularly for the latest updates.
Months of inventory measured 1.7. Median price per square foot is $486.51. Median sale price is $636,625. The 12-month linear price trend is +14.30%. Days on market stand at 12. The SP/LP ratio stands at 100.0%.
Months of inventory measured 4.4. Median price per square foot is $316.61. Median sale price is $585,000. The 12-month linear price trend is +6.84%. Days on market stand at 63. The SP/LP ratio stands at 97.0%.
This retrospective analysis places the San Diego 92116 single-family market, as of the November 17, 2003 effective date, in a stable, modestly appreciating position with limited directional movement. The trailing-quarter median sale price of $430,000 was up a slight 1.2% from the prior quarter, while median $/SF eased 4.4% to $376.34 — the size-normalized 12-month trend of +5.0%, with the trailing six months at +1.9%, supports annualized appreciation of 0 to 5%. Inventory of 46 active listings equated to 2.2 months of supply, a supply-constrained market with a 30-to-60-day anticipated marketing time, even as sales volume eased 15.8% quarter over quarter. Days on market held steady at 28, and the sale-to-list ratio of 97.8% indicates well-priced listings were negotiating close to, rather than at, full ask. Given the magnitude of movement, a time adjustment was not indicated in the sales comparison analysis for this assignment.