April 2020 San Diego Real Estate Stats

George Lorimer
Friday, April 10, 2020
April 2020 San Diego Real Estate Stats


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San Diego County Market Commentary

Home Sales Up in Mar 2020!

Sales increased 23.7% from the month before and were down 6.4% year-over-year.

Prices improved in Mar 2020 with the median price climbing 0.4% from the previous month, up 9.3% compared to last year. The average price rose 4.2%, a yearly gain of 15.5%.

Inventory fell 4.5% from last month and was up 1.2% year-over-year. Click here to see all the charts, graphs, and stats for your area. 

There are two reasons I see prices continuing to be high: 1. Low supply/inventory (not many homes on the market). 2. Low mortgage interest rates. I am seeing rates as low as 3.25%. 

(The video below shows how we protect you and your equity while selling during COVID-19).


 

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