San Diego Real Estate Report: May 2016

May’s San Diego real estate market in review: As of May 2016, the average detached home in San Diego County sold for $550,000, up 5% from the previous month.

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As of May 2016, the average attached home (including condos, townhomes, and twinhomes) in San Diego County sold for $359,825, the same as last month.

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The average detached home in San Diego spent 38 days on the market.

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Condos, twinhomes, and townhomes in San Diego spent an average of 34 days on the market.

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As of May 2016, we are in a seller’s market. On average, a seller of a detached home in San Diego County receives 96.8% of the original list price at the close of the sale, the same as the previous month.

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As of May 2016, the owners of attached properties (condos, twinhomes, and townhomes) retained 97.3% of the original listing price, up slightly from last month.

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The inventory of homes in San Diego County has gone slightly down, which is consistent with what we know that inventory is tight.

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The supply of attached properties continues to decline.

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Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

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