Despite stable home prices around $1 million, San Diego County saw a 14% drop in single-family home sales in September.
San Diego County’s housing market witnessed a 14% decline in single-family home sales in September compared to August, while average home prices held steady at approximately $1 million, according to theSales of condominiums, townhomes, and attached properties experienced an even greater decline, dropping 22% from August. These sales were also 5% lower compared to September 2023.
While the median price for single-family homes held steady, the price for attached properties dropped by 4% last month, averaging $646,000. This price was slightly lower than in 2023, according to SDAR's figures. Overall, home prices in San Diego County were 5% higher than in September of last year, according to the SDAR.
“The inventory of homes on the market continues on a positive trend, and we’re still optimistic about the potential for lower interest rates,” said SDAR President Spencer Lugash. “We encourage buyers to recognize the opportunities in the current market and to connect with a realtor who has in-depth knowledge of their neighborhood.”SDAR also reported that the most expensive sale in September was an oceanfront home on Cuchara Drive in Del Mar.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average San Diego County gas price drops to lowest amount since Jan. 30City News Service is one of the largest regional news services in the country, serving the Southern California region.
Read more »
Measure G: San Diego County sales tax explainerHere’s everything voters need to know about Measure G, the San Diego County sales tax measure.
Read more »
San Diego County housing prices remain steady; single-family home sales dropThe inventory of homes on the market continues on a positive trend, and we're still bullish on the prospects of lower interest rates,' San Diego Association of Realtors President Spencer Lugash said.
Read more »
Will San Diego County voters pass another transportation sales tax increase?If passed, the measure would help pay for rail, bus and road improvements and expand public transit services — but opponents want more focus on roads and say they don’t trust SANDAG.
Read more »
Photos: Not-so-Northern Lights visible from parts of San Diego CountyA severe geomagnetic storm supercharged the northern lights Thursday evening, making the aurora borealis visible from parts of San Diego County.
Read more »
San Diego County's 1st West Nile Virus case this year confirmed in traveler, 71San Diego County confirmed the first case of West Nile Virus in a human this year, in a 71-year-old man who became infected while traveling.
Read more »