Carmel Valley, Poway, Rancho Bernardo, Rancho Penasquitos, and Scripps Ranch
Listings, Sales, Days on Market and more broken out by zip code.
CV1221Carmel Valley, Poway, Rancho Bernardo, Rancho Penasquitos, and Scripps Ranch
Listings, Sales, Days on Market and more broken out by zip code.
CV1221Bonsall, Escondido, Fallbrook, San Marcos, Valley Center and Vista.
Listings, Sales, Days on Market and more broken out by zip code.
Inland1221Cardiff, Carlsbad, Del Mar, Encinitas, Oceanside and Solana Beach.
Listings, Sales, Days on Market and more broken out by zip code.
Coastal1221The 2021 housing market was one for the history books. After three consecutive months of increases recently, existing home sales are on pace to hit their highest level in 15 years, with an estimated 6 million homes sold in 2021 according to the National Association of REALTORS®. Sales prices reached new heights, inventory hit rock bottom, and homes sold in record time, often for well above asking price. Mortgage rates, which began the year at historic lows, remain attractive, and homeowners who choose to sell in the coming months can expect to see plenty of buyer activity due to pent-up demand during the pandemic.
Looking ahead, experts anticipate many of the housing market trends of 2021 will continue in 2022, albeit at a more moderate level. Strong buyer demand and inventory shortages are likely to persist over the next year. Home sales are projected to remain strong but will be tempered by the limited supply of homes, higher sales prices, and rising interest rates, with the Federal Reserve planning multiple rate hikes in the new year. Price growth is expected to slow somewhat as a result, but affordability will likely remain a top constraint for some homebuyers.
Monthly1221Carmel Valley, Poway, Rancho Bernardo, Rancho Penasquitos, and Scripps Ranch
Listings, Sales, Days on Market and more broken out by zip code.
CVBonsall, Escondido, Fallbrook, San Marcos, Valley Center and Vista.
Listings, Sales, Days on Market and more broken out by zip code.
InlandCardiff, Carlsbad, Del Mar, Encinitas, Oceanside and Solana Beach.
Listings, Sales, Days on Market and more broken out by zip code.
CoastalSan Diego North County Monthly Housing Market Indicators October 2021
Use the ‘Pop-Out’ to view report or the link to download.
MonthlyAs the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory remains much lower than it was at this time last year, and sales prices are surging as a result.
With such limited supply of existing homes to purchase, all eyes are on home builders to provide a much-needed boost of inventory to the market to help meet buyer demand. However, increasing material and labor costs, along with
supply chain challenges, have contributed to significantly higher construction costs, with builders passing these costs on to home buyers. And while the warmer temperatures, rising sales prices, and the reopening of the economy may draw more sellers to the market, historically low levels of homes for sale are likely to continue for some time.
Carmel Valley, Poway, Rancho Bernardo, Rancho Penasquitos, and Scripps Ranch
Listings, Sales, Days on Market and more broken out by zip code.
May-20-CV