U.S. existing home sales fell 5.4% month-over-month and 5.4% year-over- year to a seasonally adjusted annual rate of 3.89 million units, with monthly sales down in all four regions, according to the National Association of REALTORS® (NAR). Higher mortgage rates, along with rising sales prices, have kept many prospective buyers on the sidelines, despite more home choices and less competition for those homes.
Home prices have maintained their upward trend across much of the country, even as sales slow and inventory improves. According to NAR, the national median existing-home sales price climbed 4.1% year-over-year to $426,900 as of last measure, an all-time high. Meanwhile, total housing inventory increased 3.1% month-over-month to 1.32 million units heading into July, the highest level since 2020, for a 4.1-month supply at the current sales pace.
North San Diego County Stats:
Closed Sales increased 6.9 percent for Detached homes and 14.8 percent for Attached homes.
Pending Sales decreased 5.2 percent for Detached homes but increased 20.3 percent for Attached homes.
The Median Sales Price was up 4.0 percent to $1,170,000 for Detached homes and 9.0 percent to $765,000 for Attached homes.
Days on Market increased 14.3 percent for Detached homes and 37.5 percent for Attached homes.
Supply increased 13.6 percent for Detached homes and 35.3 percent for Attached homes.
The numbers by city: These numbers are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes. DOM = Days on Market % List Price = Percentage of the original list price that the home sold for.
U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year. According to the National Association of REALTORS® (NAR), sales of previously owned homes dipped 0.7% month-over-month and 2.8% year-over-year, to a seasonally adjusted annual rate of 4.11 million units.
Nationally, total housing inventory grew 6.7% month-over-month to 1.28 million units heading into June, for a 3.7 months’ supply at the current sales pace, according to NAR. However, the increase in supply has yet to temper home prices, which have continued to rise nationwide. At last measure, the median existing-home price climbed to $419,300, a 5.8% increase from the same period last year and a record high for the month.
North San Diego County Home Stats:
Closed Sales decreased 7.8 percent for Detached homes and 13.6 percent for Attached homes.
Pending Sales decreased 0.3 percent for Detached homes and 4.4 percent for Attached homes.
The Median Sales Price was up 13.9 percent to $1,249,000 for Detached homes and 7.7 percent to $765,000 for Attached homes.
Days on Market increased 22.2 percent for Detached homes and 43.8 percent for Attached homes.
Supply increased 8.7 percent for Detached homes and 35.3 percent for Attached homes.
The numbers by city: These #’s are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes. DOM = Days on Market % List Price = Percentage of the original list price that the home sold for.
U.S. existing-home sales fell for the second month in a row, sliding 1.9% month-over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country.
Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer.
Closed Sales increased 2.2 percent for Detached homes but decreased 0.7 percent for Attached homes.
Pending Sales increased 8.0 percent for Detached homes and 2.4 percent for Attached homes.
The Median Sales Price was up 14.3 percent to $1,200,000 for Detached homes and 20.4 percent to $825,000 for Attached homes.
Days on Market decreased 8.0 percent for Detached homes but increased 5.0 percent for Attached homes.
Supply increased 4.8 percent for Detached homes and 20.0 percent for Attached homes.
Home prices have continued to climb nationwide, despite an uptick in inventory this year. Nationally, the median existing-home price reached $407,600 as of last measure, a 5.7% increase from the same period last year and a record high for the month, according to NAR. Meanwhile, total inventory heading into May stood at 1.21 million units, a 9% increase month-over month and a 16.3% increase year-over-year, for a 3.5 month’s supply at the current sales pace.
The numbers by city: These #’s are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes. DOM = Days on Market % List Price = Percentage of the original list price that the home sold for.
U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7% in recent weeks, while the median existing-home sales price hit $393,500 as of last measure, a 4.8% increase from the previous month, according to NAR.
Closed Sales increased 12.8 percent for Detached homes and 1.5 percent for Attached homes.
Pending Sales increased 2.4 percent for Detached homes and 1.2 percent for Attached homes.
The Median Sales Price was up 21.2 percent to $1,260,000 for Detached homes and 5.0 percent to $737,500 for Attached homes.
Days on Market decreased 25.0 percent for Detached homes and 19.2 percent for Attached homes.
Supply increased 11.1 percent for Detached homes and 28.6 percent for Attached homes.
Warmer temperatures appear to have helped bring some sellers back to the market, providing additional options to home shoppers during the spring buying season. Total inventory was up 4.7% month-over-month and 14.4% year-over-year, for a 3.2 months’ supply at the current sales pace, according to NAR. Nevertheless, demand continues to outpace supply and properties are selling quickly, with the typical home spending 33 days on market nationwide, down from 38 days the month before.
The numbers by city: These #’s are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes. DOM = Days on Market % List Price = Percentage of the original list price that the home sold for.
U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR). The rebound in home sales comes amid fluctuating mortgage rates and elevated sales prices, indicating there is plenty of buyer demand heading into the spring selling season.
Closed Sales decreased 18.3 percent for Detached homes and 7.3 percent for Attached homes.
Pending Sales increased 4.0 percent for Detached homes but decreased 8.5 percent for Attached homes.
The Median Sales Price was up 18.0 percent to $1,180,351 for Detached homes and 7.9 percent to $749,995 for Attached homes.
Days on Market decreased 30.6 percent for Detached homes and 26.7 percent for Attached homes.
Supply decreased 11.1 percent for Detached homes but increased 7.7 percent for Attached homes.
The recent surge in home sales was likely due to a dip in mortgage rates in December and an increase in housing supply nationwide. According to NAR, total inventory grew 5.9% month-over-month and 10.3% year-over-year to 1.07 million units, for a 2.9 months’ supply at the current sales pace. Buyer demand remains robust, and the limited supply of inventory helped push the median existing-home sales price up 5.7% year-over-year to $384,500, the eighth consecutive month of annual price increases.
The Numbers by City:
These #’s are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes. DOM = Days on Market % List Price = Percentage of the original list price that the home sold for.
U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with monthly gains reported in the Midwest, South, and West regions.
Closed Sales increased 9.9 percent for Detached homes and 24.9 percent for Attached homes.
Pending Sales decreased 6.4 percent for Detached homes and 11.2 percent for Attached homes.
The Median Sales Price was up 18.2 percent to $1,122,500 for Detached homes and 9.6 percent to $740,000 for Attached homes.
Days on Market decreased 37.2 percent for Detached homes and 30.6 percent for Attached homes.
Supply decreased 11.8 percent for Detached homes but remained flat for Attached homes.
Total inventory heading into February stood at 1.01 million units, a 2% increase from the previous month and a 3.1% increase from the same time last year, for a 3 months’ supply at the current sales pace, according to NAR.
Although buyers may find additional options in their home search, inventory remains below the 5-6 months’ supply of a balanced market, and demand is exceeding supply. As a result, existing-home sales prices have continued to rise, climbing 5.1% year-over-year to $379,100.
The numbers by city: These numbers are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes. % List Price = Percentage of the original list price that the home sold for.
U.S. sales of existing homes recently fell to a 13-year low, dropping 2.0% month-over-month and 15.4% year-over-year as of last measure, according to the National Association of REALTORS® (NAR), as surging interest rates and elevated sales prices continue to make homeownership unaffordable for many prospective buyers. Purchase activity is down significantly compared to this time last year, but rising interest rates are also keeping many current homeowners from selling, causing inventory to remain at historically low levels nationwide.
Closed Sales decreased 7.5 percent for Detached homes but increased 10.8 percent for Attached homes. Pending Sales decreased 10.2 percent for Detached homes but increased 28.7 percent for Attached homes.
The Median Sales Price was up 18.6 percent to $1,150,000 for Detached homes and 13.1 percent to $735,000 for Attached homes.
Days on Market decreased 16.7 percent for Detached homes and 36.7 percent for Attached homes.
Supply decreased 28.0 percent for Detached homes and 36.4 percent for Attached homes
Total housing inventory going into October was at 1.13 million units, up 2.7% from the previous month but down 8.1% compared to the same time last year, for a 3.4 months’ supply at the current sales pace, according to NAR. The shortage of homes for sale is making it harder for buyers to find a home to purchase while at the same time pushing sales prices higher nationwide, with the median existing-home sales price rising 2.8% annually to $394,300, the third consecutive month of year-over-year price increases.
National sales of existing homes recently fell to a 7-month low, as surging borrowing costs, rising sales prices, and limited inventory continue to keep many would-be buyers out of the market. Borrowers have become increasingly sensitive to fluctuations in mortgage rates, which have remained above 7% since mid-August. With fewer buyers able to afford the costs of homeownership, existing-home sales declined 0.7% month-over-month and were down 15.3% year-over-year, according to the National Association of REALTORS®(NAR).
Closed Sales decreased 23.1 percent for Detached homes and 25.0 percent for Attached homes.
Pending Sales decreased 14.3 percent for Detached homes but increased 0.8 percent for Attached homes.
The Median Sales Price was up 15.1 percent to $1,122,500 for Detached homes and 8.5 percent to $705,571 for Attached homes.
Days on Market decreased 13.8 percent for Detached homes and 44.4 percent for Attached homes. Supply decreased 32.0 percent for Detached homes and 33.3 percent for Attached homes.
Prices have continued to increase this fall despite softening home sales nationwide, as a lack of inventory has kept the market competitive for prospective buyers, sparking bidding wars and causing homes to sell for above asking price in some areas.
Heading into September there were only 1.1 million units available for sale, 0.9% fewer than a month ago and 14.1% fewer than the same period last year, according to NAR. As a result, the U.S. median existing-home sales price rose 3.9% year-over-year to $407,100, marking the third consecutive month that the median sales price topped $400,000.
Higher mortgage rates, along with elevated sales prices and a lack of housing inventory, have continued to impact market activity during the summer homebuying season. The average 30-year fixed-rate mortgage has remained above 6.5% since May, recently hitting a two-decade high in August, according to Freddie Mac. As a result, existing-home sales have continued to slow nationwide, dropping 2.2% month-over-month as of last measure, with sales down 16.6% compared to the same time last year, according to the National Association of REALTORS® (NAR).
Falling home sales have done little to cool home prices, however, which have continued to sit at record high levels nationally thanks to a limited supply of homes for sale. According to NAR, there were 1.11 million homes for sale heading into August, 14.6% fewer homes than the same period last year, for a 3.3 months’ supply at the current sales pace. The shortage of homes for sale has boosted competition for available properties and is driving sales prices higher, with NAR reporting a national median existing-home price of $406,700, a 1.9% increase from a year earlier.
North County Overview:
Closed Sales decreased 12.1 percent for Detached homes and 19.6 percent for Attached homes.
Pending Sales decreased 21.7 percent for Detached homes and 16.7 percent for Attached homes.
The Median Sales Price was up 14.0 percent to $1,127,150 for Detached homes and 8.6 percent to $730,000 for Attached homes.
Days on Market decreased 8.3 percent for Detached homes and 22.7 percent for Attached homes.
Supply decreased 29.2 percent for Detached homes and 38.1 percent for Attached homes.
City Overview: Holding fairly steady with regard to Price, Days on Market, number of sold and active listings.
Carlsbad
Month
Avg Sold $
Chg
DOM
Chg
Sold Homes
Chg
Act. Listings
Chg
% List Price
YoY Chg
08/23
$1,815,000
-2%
15
7%
191
7%
104
1%
99.6%
0.7%
07/23
$1,861,000
-3%
14
0%
179
15%
103
6%
100.0%
2.2%
06/23
$1,920,000
1%
14
-26%
156
-3%
97
23%
100.3%
3.0%
05/23
$1,900,000
6%
19
-17%
161
15%
79
22%
100.0%
2.4%
04/23
$1,793,000
8%
23
-26%
140
9%
65
5%
98.4%
-0.8%
03/23
$1,657,000
4%
31
0%
128
35%
62
-2%
96.9%
0.8%
02/23
$1,594,000
-0%
31
11%
95
-17%
63
-19%
95.5%
5.1%
01/23
$1,598,000
-2%
28
0%
114
-10%
78
-21%
95.9%
4.1%
12/22
$1,623,000
2%
28
-7%
127
-19%
99
-14%
94.4%
4.9%
11/22
$1,587,000
-2%
30
0%
156
-4%
115
-9%
94.0%
3.1%
10/22
$1,614,000
-5%
30
25%
162
-14%
127
-16%
94.9%
5.0%
09/22
$1,703,600
-5%
24
41%
188
-12%
151
-11%
95.8%
14.3%
08/22
$1,802,279
-1%
17
42%
213
-4%
169
1%
98.9%
22.4%
07/22
$1,821,026
-2%
12
20%
223
-4%
167
19%
102.8%
27.6%
06/22
$1,863,624
0%
10
0%
233
4%
140
37%
106.7%
29.5%
05/22
$1,855,969
3%
10
-17%
223
6%
102
36%
109.4%
26.2%
04/22
$1,807,471
10%
12
-20%
210
12%
75
9%
109.5%
23.3%
03/22
$1,643,465
8%
15
-12%
187
-6%
69
-5%
107.4%
16.1%
02/22
$1,516,065
-1%
17
6%
198
-14%
73
-17%
104.4%
20.7%
01/22
$1,535,059
-1%
16
0%
231
-17%
88
-15%
103.0%
30.4%
Encinitas
Month
Avg Sold $
Chg
DOM
Chg
Sold Homes
Chg
Act. Listings
Chg
% List Price
YoY Chg
08/23
$2,640,000
3%
21
-5%
82
0%
48
7%
100.0%
-1.1%
07/23
$2,560,000
1%
22
16%
82
-1%
45
0%
99.7%
-3.4%
06/23
$2,523,000
1%
19
-21%
83
2%
45
2%
98.7%
-2.7%
05/23
$2,496,000
-4%
24
-11%
81
31%
44
13%
98%
-3.7%
04/23
$2,592,000
2%
27
-18%
62
19%
39
3%
97.1%
6.4%
03/23
$2,542,000
22%
33
-8%
52
0%
38
-16%
94.9%
17.2%
02/23
$2,077,000
2%
36
13%
52
0%
45
-4%
92.2%
1.2%
01/23
$2,028,000
-10%
32
-3%
52
-15%
47
-10%
93.4%
-5.9%
12/22
$2,255,000
-4%
33
18%
61
-5%
52
-5%
92.5%
1.3%
11/22
$2,343,000
-6%
28
-10%
64
-7%
55
4%
93.4%
3.9%
10/22
$2,505,000
-4%
31
11%
69
1%
53
-5%
93.2%
10.3%
09/22
$2,604,000
-2%
28
40%
68
-3%
56
-3%
94.4%
13.3%
08/22
$2,668,944
1%
20
54%
70
-17%
58
4%
98.1%
25.6%
07/22
$2,650,404
2%
13
0%
84
-18%
56
14%
103.1%
31.3%
06/22
$2,592,614
0%
13
-19%
103
-9%
49
20%
105.6%
31.3%
05/22
$2,590,593
6%
16
7%
113
18%
41
21%
106.7%
30.1%
04/22
$2,435,887
12%
15
-25%
96
12%
34
-6%
106.9%
24.8%
03/22
$2,169,582
6%
20
-9%
86
8%
36
-14%
104.7%
17.3%
02/22
$2,052,570
-5%
22
-19%
80
-7%
42
-19%
103.1%
17.5%
01/22
$2,155,319
-3%
27
13%
86
-7%
52
-13%
101.8%
27.7%
Oceanside
Month
Avg Sold $
Chg
DOM
Chg
Sold Homes
Chg
Active Listings
Chg
% List Price
YoY Chg
08/23
$971,000
-0%
14
0%
259
7%
103
-7%
101.5%
4.9%
07/23
$974,000
-2%
14
-22%
243
3%
111
10%
102.1%
-0.6%
06/23
$997,000
1%
18
-33%
236
2%
101
6%
101.1%
2.6%
05/23
$988,000
0%
27
-18%
232
12%
95
17%
100%
0.9%
04/23
$984,000
7%
33
-11%
208
7%
81
-21%
98.5%
5.6%
03/23
$923,000
-2%
37
9%
194
10%
103
-18%
97.2%
3.0%
02/23
$938,000
1%
34
0%
176
-7%
125
-15%
96.1%
14.0%
01/23
$933,000
-0%
34
17%
190
-16%
147
-15%
95.2%
9.5%
12/22
$934,000
3%
29
4%
225
-11%
173
-9%
95.3%
9.8%
11/22
$911,000
3%
28
12%
254
-14%
190
-2%
95.4%
3.9%
10/22
$885,000
-2%
25
4%
296
-2%
193
-6%
97.4%
6.3%
09/22
$904,283
-2%
24
33%
303
-1%
206
-8%
96.8%
11.3%
08/22
$926,014
-5%
18
38%
307
-4%
223
2%
99.1%
15.5%
07/22
$979,524
1%
13
18%
321
-17%
218
14%
102.3%
23.2%
06/22
$971,761
-1%
11
-15%
385
-9%
191
24%
104.8%
21.9%
05/22
$979,346
5%
13
-13%
421
9%
154
18%
105.8%
25.8%
04/22
$931,893
4%
15
-12%
386
21%
130
5%
105.7%
21.6%
03/22
$896,065
9%
17
6%
318
-2%
124
-5%
104.7%
19.7%
02/22
$823,005
-3%
16
7%
324
-11%
130
-10%
103.1%
18.4%
01/22
$852,143
0%
15
7%
364
-15%
144
-7%
102.9%
24.9%
San Marcos
Month
Avg Sold $
Chg
DOM
Chg
Sold Homes
Chg
Active Listings
Chg
% List Price
YoY Chg
08/23
$1,185,000
-0%
18
-14%
125
1%
39
5%
101.1%
7.9%
07/23
$1,186,000
3%
21
11%
124
-6%
37
-12%
100.6%
3.8%
06/23
$1,154,000
3%
19
-5%
132
5%
42
5%
100.1%
4.9%
05/23
$1,123,000
1%
20
-29%
126
13%
40
-9%
99.3%
3.4%
04/23
$1,113,000
9%
28
-20%
112
8%
44
-19%
98.7%
5.6%
03/23
$1,017,000
2%
35
-3%
104
16%
54
-17%
97.3%
-1.9%
02/23
$996,000
2%
36
24%
90
-14%
65
-14%
95.5%
1.5%
01/23
$972,000
2%
29
7%
105
-15%
76
-16%
95.2%
-2.1%
12/22
$951,000
-2%
27
8%
123
-22%
90
-11%
94.6%
-1.0%
11/22
$974,000
-1%
25
9%
158
-3%
101
-6%
95.0%
2.8%
10/22
$985,000
-6%
23
10%
163
-8%
107
-8%
95.8%
6.4%
09/22
$1,047,000
-5%
21
31%
177
-3%
116
-6%
96.9%
11.5%
08/22
$1,098,000
-4%
16
23%
183
-11%
123
6%
99.8%
13.8%
07/22
$1,143,000
4%
13
8%
205
-8%
116
20%
102.9%
17.7%
06/22
$1,100,617
1%
12
0%
222
-1%
97
28%
105.0%
14.8%
05/22
$1,085,769
3%
12
0%
224
11%
76
13%
106.7%
19.0%
04/22
$1,053,808
2%
12
0%
201
10%
67
8%
107.3%
18.6%
03/22
$1,036,353
6%
12
0%
183
-4%
62
3%
106.9%
24.5%
02/22
$981,319
-1%
12
-20%
190
-6%
60
-5%
105.0%
21.0%
01/22
$993,196
3%
15
0%
203
-11%
63
-7%
103.0%
26.5%
Vista
Month
Avg Sold $
Chg
DOM
Chg
Sold Homes
Chg
Active Listings
Chg
% List Price
YoY Chg
08/23
$998,000
2%
16
7%
170
16%
84
2%
101.4%
8.7%
07/23
$982,000
2%
15
-6%
147
20%
82
6%
102.1%
7.6%
06/23
$964,000
3%
16
-20%
123
-8%
77
38%
100.2%
1.6%
05/23
$936,000
0%
20
-13%
134
8%
56
10%
99.3%
-1.0%
04/23
$935,000
8%
23
-21%
124
-6%
51
-16%
98.7%
0.9%
03/23
$863,000
3%
29
-17%
132
27%
61
-10%
97.5%
-3.7%
02/23
$835,000
2%
35
-3%
104
-10%
68
-22%
95.3%
-5.5%
01/23
$820,000
-1%
36
20%
116
-6%
87
-19%
94.2%
-7.2%
12/22
$828,000
-3%
30
11%
124
-24%
107
-18%
95.3%
-3.6%
11/22
$851,945
-6%
27
17%
163
-11%
131
-11%
95.9%
2.2%
10/22
$906,273
-0%
23
21%
183
-9%
147
-10%
96.6%
13.6%
09/22
$910,549
-1%
19
19%
201
3%
163
3%
97.4%
15.3%
08/22
$918,464
1%
16
33%
196
-14%
159
10%
98.6%
18.5%
07/22
$913,029
-4%
12
9%
227
-12%
144
21%
101.7%
18.4%
06/22
$948,425
0%
11
10%
258
-3%
119
24%
105.5%
24.0%
05/22
$945,910
2%
10
-9%
267
12%
96
17%
107.0%
25.8%
04/22
$926,864
3%
11
-21%
238
11%
82
15%
107.4%
28.8%
03/22
$896,549
1%
14
-13%
214
-3%
71
9%
104.8%
30.0%
02/22
$883,560
-0%
16
-6%
220
-8%
65
-12%
103.4%
34.0%
01/22
$883,907
3%
17
0%
240
-3%
74
-17%
102.6%
31.6%
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