George Lorimer at 619-846-1244
Your Home Sold Guaranteed or I'll Buy It!*
ProWest Properties, DRE# 01146839, *Conditions Apply
San Diego County Housing Summary April 16, 2025
- INVENTORY: The active listing inventory in the past couple of weeks increased by 358 homes, up 8%, and now sits at 5,114, its highest level since May 2020. In March, 28% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,348 less. Yet, 618 more sellers came on the market this March compared to March 2024. Last year, there were 2,992 homes on the market, 2,122 fewer homes, or 41% less. The 3-year average before COVID (2017 to 2019) was 6,010, or 18% extra.
- DEMAND: Buyer demand, the number of pending sales over the prior month, decreased by 27 pending sales in the past two weeks, down 1%, and now totals 1,919, its first decline of the year. Last year, there were 1,847 pending sales, 4% less. The 3-year average before COVID (2017 to 2019) was 3,466, or 81% more.
- MARKET TIME: With supply surging and demand slightly falling, the Expected Market Time, the number of days to sell all San Diego County listings at the current buying pace, climbed from 73 to 80 days in the past couple of weeks, its slowest pace since late-January’s 80 days. Last year, it was 49 days, substantially faster than today. The 3-year average before COVID (2017 to 2019) was 52 days, which is also quicker than today.
- LUXURY: In the past two weeks, the Expected Market Time for homes priced between $2 million and $4 million increased from 106 to 120 days. For homes priced between $4 million and $6 million, the Expected Market Time increased from 172 to 213 days. For homes priced above $6 million, the Expected Market Time decreased from 453 to 358 days.
- DISTRESSED HOMES: Short sales and foreclosures combined, comprised only 0.4% of all listings and 0.9% of demand. Only eight foreclosures and 17 short sales are available today in San Diego County, with 21 total distressed homes on the active market, up four from two weeks ago. Last year, eight distressed homes were on the market, similar to today.
- CLOSED SALES: There were 1,860 closed residential resales in March, down 7% compared to March 2024’s 2,001, but up 13% from February 2025. The sales-to-list price ratio was 98.9% for San Diego County. Foreclosures accounted for 0.1%, and short sales accounted for 0.2% of all closed sales. That means that 99.7% of all sales were sellers with equity.
We would like to hear from you! If you have any questions, please do not hesitate to contact us. We are always looking forward to hearing from you! We will do our best to reply to you within 24 hours !