Here is the most recent information on the San Diego housing market. For specific information on your neighborhood or a market analysis on your home, please send me an email or call me at 619-888-2117.
Reportable Period :: FEBRUARY 2016:: SAN DIEGO ASSOCIATION OF REALTORS®
The primary story, both nationally and in local submarkets, is a dwindling months’ supply of inventory. The cure, of course, is more inventory. But new construction is lagging and sellers of existing homes are not yet hitting the market in droves. We are optimistically watching for an increase in activity in the coming months. As consumers navigate their options, there is competition for the best available properties, mortgage rates continue to astound below 4.0 percent and we have witnessed an unprecedented 70 consecutive months of private-sector job growth. National housing starts were up by 10.8 percent at the end of 2015 when compared to 2014, and the unemployment rate is holding low and steady at or near 4.9 percent.
Median Sales Price: $468,000
Days on the Market Until Sale: 40
Housing Affordability Index: 2015-Q4: 31%
Months Supply: 2.0
To view larger image, click here.