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.
Carlsbad
| Month | Avg Sold $ | Chg | DOM | Chg | Sold Homes | Chg | Active Listings | Chg | % List Price | YoY Chg |
| 03/24 | $1,960,000 | -3% | 24 | -4% | 142 | 21% | 79 | 5% | 100.1% | 18.3% |
| 02/24 | $2,024,000 | 1% | 25 | -14% | 117 | 17% | 75 | -12% | 99.4% | 27.0% |
| 01/24 | $2,005,000 | -0% | 29 | 12% | 100 | -2% | 85 | -6% | 97.7% | 25.5% |
| 12/23 | $2,013,000 | 12% | 26 | -4% | 102 | -20% | 90 | -10% | 96.9% | 24.0% |
| 11/23 | $1,795,000 | 1% | 27 | 23% | 128 | -15% | 100 | 4% | 97.2% | 13.1% |
| 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% |
Encinitas
| Month | Avg Sold $ | Chg | DOM | Chg | Sold Homes | Chg | Acttive Listings | Chg | % List Price | YoY Chg |
| 03/24 | $2,684,000 | -2% | 24 | -33% | 47 | 24% | 45 | 10% | 100.9% | 5.6% |
| 02/24 | $2,750,000 | -2% | 36 | -5% | 38 | -10% | 41 | -7% | 99.0% | 32.4% |
| 01/24 | $2,800,000 | 2% | 38 | 3% | 42 | -14% | 44 | -14% | 95.0% | 38.1% |
| 12/23 | $2,740,000 | -7% | 37 | 16% | 49 | -17% | 51 | -12% | 95.0% | 21.5% |
| 11/23 | $2,932,000 | 9% | 32 | 14% | 59 | -23% | 58 | 21% | 97.0% | 25.1% |
| 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% |
Oceanside
| Month | Avg Sold $ | Chg | DOM | Chg | Sold Homes | Chg | Active Listings | Chg | % List Price | YoY Chg |
| 03/24 | $1,037,000 | -3% | 23 | -8% | 175 | 4% | 92 | 6% | 100.2% | 12.4% |
| 02/24 | $1,066,000 | -1% | 25 | 14% | 168 | -6% | 87 | -16% | 99.3% | 13.6% |
| 01/24 | $1,074,000 | -1% | 22 | 5% | 178 | -1% | 104 | -12% | 99.0% | 15.1% |
| 12/23 | $1,080,000 | 4% | 21 | 0% | 180 | -5% | 118 | -11% | 99.0% | 15.6% |
| 11/23 | $1,034,000 | 3% | 21 | 5% | 190 | -12% | 132 | 22% | 100.0% | 13.5% |
| 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% |
San Marcos
| Month | Avg Sold $ | Chg | DOM | Chg | Sold Homes | Chg | Active Listings | Chg | % List Price | YoY Chg |
| 03/24 | $1,195,000 | 7% | 22 | -12% | 76 | 13% | 52 | 16% | 100.2% | 17.5% |
| 02/24 | $1,113,000 | -2% | 25 | -19% | 67 | -4% | 45 | 0% | 99.5% | 11.7% |
| 01/24 | $1,137,000 | -5% | 31 | 35% | 70 | -22% | 45 | -2% | 98.4% | 17.0% |
| 12/23 | $1,195,000 | -2% | 23 | 15% | 90 | -6% | 46 | -8% | 99.0% | 25.7% |
| 11/23 | $1,219,000 | 2% | 20 | 25% | 96 | -17% | 50 | 19% | 99.4% | 25.2% |
| 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% |
Vista
| Month | Avg Sold $ | Chg | DOM | Chg | Sold Homes | Chg | Active Listings | Chg | % List Price | YoY Chg |
| 03/24 | $994,000 | 3% | 35 | 0% | 141 | 0% | 61 | -2% | 98.5% | 15.2% |
| 02/24 | $968,000 | 1% | 35 | 0% | 141 | 18% | 62 | -18% | 96.8% | 15.9% |
| 01/24 | $955,000 | 2% | 35 | 40% | 120 | -9% | 76 | -17% | 96.4% | 16.5% |
| 12/23 | $937,000 | -3% | 25 | 14% | 132 | 5% | 92 | -9% | 97.6% | 13.2% |
| 11/23 | $964,000 | -1% | 22 | 16% | 126 | -19% | 101 | 11% | 98.9% | 13.2% |
| 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% |