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2017-09-06 15:28:17
GEEK-OUT on San Diego Monthly Housing Statistics
For those of you who love to geek-out on statistics, this is for you! The latest report for San Diego county housing market has just been released. EXCITING!! This report gives statistics on housing affordability, inventory, average sales prices and overall activity in the North County area. Below the summary you can find a link to the full report - with many colorful graphics :). If you know someone who is planning on listing their home in the next 3 months please connect us - as The INDRA Group hits home runs for their sellers!

August tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, but there are enough parents that do not want to uproot their children during the school year to historically create a natural market cooldown before any actual temperature change. Competition is expected to remain fierce for available listings. Savvy sellers and buyers know:  deals can be made well into the school months, as household formations take on many shapes and sizes.

Closed Sales decreased 4.7 percent for Detached homes and 11.6 percent for Attached homes. Pending Sales increased 0.9 percent for Detached homes but decreased 0.7 percent for Attached homes.

The Median Sales Price was up 8.9 percent to $690,000 for Detached homes and 4.8 percent to $435,000 for Attached homes. Days on Market decreased 12.1 percent for Detached homes and 20.0 percent for Attached homes. Supply decreased 31.3 percent for Detached homes and 23.5 percent for Attached homes.

The prevailing trends lasted through summer. This was expected, since there have not been any major changes in the economy that would affect housing. Factors such as wage growth, unemployment and mortgage rates have all been stable. Every locality has its unique challenges, but the whole of residential real estate is in good shape. Recent manufacturing data is showing demand for housing construction materials and supplies, which may help lift the ongoing low inventory situation in 2018. 

To see full reporthttp://nsdcar.stats.10kresearch.com/docs/mmi/x/report?src=map

 
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