📊 Market Overview
The San Diego housing market in April 2025 exhibited signs of stabilization, with increased inventory levels and a moderation in price growth. These trends suggest a shift towards a more balanced market, offering opportunities for both buyers and sellers.
💰 Median Sales Prices
- Detached Homes: The median sales price decreased by 1.4% year-over-year to $1,075,000.
- Attached Homes (Condos/Townhomes): The median sales price saw a slight decline of 0.7% year-over-year, settling at $675,000.
📈 Sales Activity
- Closed Sales:
- Detached Homes: Increased by 6.3% compared to April 2024.
- Attached Homes: Experienced a modest rise of 0.7% year-over-year.
- Pending Sales:
- Detached Homes: Saw a 2.2% uptick from the previous year.
- Attached Homes: Declined by 7.9% year-over-year.
🏘️ Inventory and Supply
- Detached Homes:
- Inventory: Rose by 29.1% year-over-year.
- Months Supply: Increased to 2.6 months, up 23.8% from April 2024.
- Attached Homes:
- Inventory: Surged by 60.5% compared to the same period last year.
- Months Supply: Expanded to 3.4 months, marking a 54.5% increase year-over-year.
⏳ Days on Market
- Detached Homes: The average days on market extended to 32 days, a 23.1% increase from April 2024.
- Attached Homes: Properties averaged 33 days on the market, up 17.9% year-over-year.
💵 Pricing Trends
- Percent of Original List Price Received:
- Detached Homes: Sellers received 98.8% of the original list price, down from 100.8% in April 2024.
- Attached Homes: Achieved 98.6% of the original list price, a slight decrease from 100.1% the previous year.
🔍 Market Insights
The data indicates a cooling in the San Diego housing market, with increased inventory levels providing buyers with more options and reducing upward pressure on prices. The extended days on market and slight decreases in the percentage of list price received suggest that sellers may need to adjust expectations and pricing strategies.
While detached homes show resilience with increased closed and pending sales, the attached homes segment reflects a more cautious buyer approach, as evidenced by the decline in pending sales.
Overall, the market is transitioning towards a more balanced state, offering opportunities for buyers to negotiate and for sellers to attract serious buyers through competitive pricing and property presentation.
For personalized assistance and insights, contact Howard Smith Real Estate at 619-417-0774 or via email. We’re here to guide you through San Diego’s dynamic real estate market.
Note: Data and charts are courtesy of the San Diego Association of Realtors and Freddie Mac.
