July 2025 San Diego Housing Market Report — Quick Snapshot
- Detached HomesMedian price: $1,099,000 (+4.7% YoY) Closed sales: –10.0% YoY Days on market: up 28.6% YoY Inventory supply: up 19.2% YoY
- Attached Homes (Condos/Townhomes)Median price: $650,000 (–7.1% YoY) Closed sales: –10.7% YoY Days on market: up 40.0% YoY Inventory supply: up 37.9% YoY
- Mortgage Rates (Early July 2025)The average 30‑year fixed rate: ~6.72%, slightly up from the previous week’s ~6.67%
What This Means
The market in July is showing clear signs of cooling, with detached home prices rising modestly while condo and townhome values slip. Sales volume across both segments dropped significantly YoY, reflecting slower buyer activity amid tighter affordability and elevated borrowing costs. Homes are staying on market noticeably longer, suggesting more negotiation room for buyers. And although mortgage rates remain elevated, the slight uptick in early July may further motivate buyers who’ve been waiting on the sidelines.
