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March 2021 Home Prices in San Diego County
Home prices are at an all-time high in San Diego. According to the San Diego Association of Realtors March Report, the median home price in San Diego County was up 20.7% over the previous year at $810,000 for single family homes. Condos were up 14.4% over the previous year at $515,000.
March 2021 Days on Market Until Sale in San Diego County
Days on the market until sale for March 2021 was also at record low levels. It was 21 days on the market for single-family detached homes compared to 38 days in 2019. For condos and duplexes it was 24 days in 2021 vs 37 days in 2019
Mortgage Rate Expectations for March in San Diego
According to data from Freddie Mac released on April 1st, the 30 years fixed-rate mortgage stood at 3.18%. Rates continue to remain low, but some buyers are being priced out of the market as home prices continue to climb.
For Home Sellers in San Diego
With fewer homes available and the number of buyers at an all-time high, there has never been a better time to consider selling your house.
If you would like to get a free valuation of your home call me at 619-417-0774 or email me.
Note: Charts are courtesy of the San Diego Assoc. of Realtors and Freddie Mac
