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San Diego, California Housing Supply Overview
Supply remains low in most markets and categories. Buyer demand continues to show that there is room for growth, but we still have not reached a point where a year-over-year increase in the number of homes for sale can be anticipated. For the 12-month period spanning April 2017 through March 2018, Pending Sales in San Diego County were down 3.5 percent overall. The price range with the largest gain in sales was the $1,000,001 to $1,250,000 range, where they increased 18.0 percent.
The overall Median Sales Price was up 8.8 percent to $544,000. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 8.4 percent to $612,500. The price range that tended to sell the quickest was the $250,001 to $500,000 range at 23 days; the price range that tended to sell the slowest was the $1,250,001 or Above range at 58 days.Market-wide, inventory levels were down 9.0 percent. The property type that lost the least inventory was the Condos – Townhomes segment, where it decreased 5.2 percent. That amounts to 1.9 months supply for Single-Family Homes and 1.4 months supply for Condos – Townhomes.