In July, home prices rose moderately from the month before, with a median listing price of $915,000.
The number of listings on the market remained practically unchanged from last month, but it is a smaller increase than normal for this time of the year in San Diego, and homes are also selling slower than at the same time last year.
Home prices in San Diego
Typically, home price per square foot in San Diego tend to fall in July. And the most recent data shows that the price per square foot decreased by 0.4% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in America’s Finest City are smaller the national market.
San Diego inventory
In July, there were 2,303 homes for sale in San Diego, which was 0.9% more than the month before and 49.0% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
The number of new listings in San Diego was 1,018, which was 8.6% less than the month before and 3.0% less than the same time last year.
Nationally, the number of new listings fell by 3.9% from last month to 434,816.
Time on market
Homes in San Diego take an average of 41 days to sell, according to July figures.
This is three days more than the previous month and eight days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in San Diego, CA.