In November, home prices rose slightly from the month before, with a median listing price of $850,000.
The number of listings on the market shrank 5.2% from last month, which is a smaller decrease than normal for this time of the year in San Diego, and homes are also selling close to the same pace as the same time last year.
Home prices in San Diego
Typically, home price per square foot in San Diego tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.2% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in America’s Finest City are smaller the national market.
San Diego inventory
In November, there were 1,893 homes for sale in San Diego, which was 5.2% less than the month before and 18.5% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in San Diego was 708, which was 25.5% less than the month before and 4.1% more than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in San Diego take an average of 45 days to sell, according to November figures.
This is one day more than the previous month and one day more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in San Diego, CA.
Most popular listings in San Diego, CA