Reading time: 2 minutes
Table of Contents
June 2021 Home Prices in San Diego County
Home prices are high in San Diego county and remained high in June, as they are across the nation. The median U.S. home price for June was $350,000 (24% year-on-year increase).
According to the San Diego Association of Realtors June Report, the median home price in San Diego County was up 22.2% over the previous year at $879,000 for detached, single-family homes. Condos were up 24.1% over the previous year at $553,500.
June 2021 Days on Market Until Sale in San Diego County
Days on the market until sale for June 2021 continued at record low levels. It was 17 days on the market for single-family detached homes, down from 30 day in 2020. For condos and duplexes it was 18 days in June vs. 32 days in June 2020.
Mortgage Rate Expectations for June in San Diego
According to data from Freddie Mac released on July 8th, the 30 years fixed-rate mortgage stood at 2.9%, down slightly from early June. Rates continue to remain low, but some buyers are being priced out of the market as home prices continue to climb. Freddie Mac expects rates to remain around 3% even as the economic recovery will start putting upward pressure on rates.
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
