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April 2024 Home Prices in San Diego County
The San Diego Association of Realtors April Report reveals that last month saw the Median Sales Price was up 15.8 percent to $1,100,000 for Detached homes and 6.6 percent to $685,000 for Attached homes. Days on Market decreased 10.3 percent for Detached homes and 9.7 percent for Attached homes. Supply increased 38.5 percent for Detached homes and 72.7 percent for Attached homes.
April 2024 Days on Market Until Sale in San Diego County
Days on the market until sale for April 2024 were 26 days for single-family detached homes, down from 29 days in April 2023. For condos and duplexes, it was 28 days in April 2024 vs. 31 days in April 2023 and 17 days in April 2022.
Mortgage Rate Expectations for March in San Diego
According to data from Freddie Mac released on May 9th, the 30-year fixed-rate mortgage was 7.09%.
This rate is up from 6.28% in March 2023 and much higher than 4.72% in March 2022.
Mortgage rates have steadily increased due to consistent inflation. Home buyers should investigate all their options when applying for a mortgage to make the most cost-effective decisions.
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 home valuation, call me at 619-417-0774 or email me.
Note: Charts are courtesy of the San Diego Assoc. of Realtors and Freddie Mac
