In November, home prices rose slightly from the month before, with a median listing price of $850,000.<\/p>\n
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.<\/p>\n
Home prices in San Diego<\/p>\n
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.<\/p>\n
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.<\/p>\n
San Diego inventory<\/p>\n
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.<\/p>\n
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.<\/p>\n
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.<\/p>\n
Nationally, the number of new listings fell by 14.1% from last month to 330,908.<\/p>\n
Time on market<\/p>\n
Homes in San Diego take an average of 45 days to sell, according to November figures.<\/p>\n
This is one day more than the previous month and one day more than the same month last year.<\/p>\n
For comparison, nationally homes spent an average of 64 days on the market in November.<\/p>\n