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.
The numbers by cities:
Carlsbad
| Month | Avg Sold $ | Chg | DOM | Chg | Sold Homes | Chg | Act. Listings | Chg | % List Price | YoY Chg |
| 10/23 | $1,778,000 | 1% | 22 | 16% | 151 | -19% | 96 | -5% | 98.3% | 10.2% |
| 09/23 | $1,759,000 | -3% | 19 | 27% | 186 | -3% | 101 | -3% | 98.5% | 3.3% |
| 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 |
| 10/23 | $2,696,000 | -0% | 28 | 4% | 77 | -3% | 48 | 2% | 98.4% | 7.6% |
| 09/23 | $2,698,000 | 2% | 27 | 29% | 79 | -4% | 47 | -2% | 100.0% | 3.6% |
| 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 |
| 10/23 | $1,000,000 | 1% | 20 | 25% | 217 | -9% | 108 | 6% | 100.4% | 13.0% |
| 09/23 | $995,000 | 2% | 16 | 14% | 239 | -8% | 102 | -7% | 101.4% | 10.0% |
| 08/23 | $971,000 | -0% | 14 | 0% | 259 | 7% | 110 | -1% | 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 |
| 10/23 | $1,192,000 | -1% | 16 | -11% | 116 | 6% | 42 | 8% | 100.2% | 21.0% |
| 09/23 | $1,208,000 | 2% | 18 | 0% | 109 | -13% | 39 | 0% | 100.7% | 15.4% |
| 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 |
| 10/23 | $970,000 | -2% | 19 | 0% | 156 | -7% | 91 | 23% | 99.4% | 7.0% |
| 09/23 | $994,000 | -0% | 19 | 19% | 167 | -2% | 74 | -12% | 100.8% | 9.2% |
| 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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