San Diego County Market Update - June 2024

As we roll into the thick of summer, the real estate market in San Diego County continues to show interesting trends. Here’s a detailed look at the latest statistics from June 2024 to help you stay informed and make savvy decisions.

New Listings

In June 2024, San Diego County saw a total of 54 new listings. This indicates a moderate influx of properties entering the market, offering fresh opportunities for potential buyers.

Active Listings

The month closed with 76 active listings, reflecting the total inventory available for purchase. This figure gives us a snapshot of the market's breadth and the options available to prospective buyers.

Pending Sales

Pending sales stood at 20 by the end of June. This metric represents the number of transactions that are currently under contract but have not yet closed, highlighting buyer activity and interest levels.

Closed Sales

June saw a total of 31 closed sales, confirming completed transactions and giving us a clear picture of market activity and successful deal completions.

Closed Transaction Volume

The closed transaction volume for June 2024 was an impressive $31,174,720. This substantial figure underscores the significant dollar value of transactions completed within the month, reflecting the market's financial dynamism.

Average Days On Market

Homes in San Diego County averaged 26 days on the market before being sold. This statistic is crucial for understanding how quickly homes are selling, and an average of 26 days suggests a healthy, relatively quick-moving market.

Median Sales Price

The median sales price for June 2024 was $465,000. This price point offers insight into the typical value of homes being sold and serves as a benchmark for both buyers and sellers.

Market Analysis

The data for June 2024 presents a balanced view of the San Diego County real estate market. With a reasonable number of new and active listings, the market remains competitive yet accessible. The pending and closed sales figures indicate steady buyer interest and transaction completion, while the high closed transaction volume highlights the market’s robust financial activity.

The average days on market being just under a month suggest that properties are moving reasonably swiftly, which can be a positive sign for sellers aiming for quick turnovers. Meanwhile, the median sales price provides a reliable gauge of property values in the county, supporting informed decision-making for all stakeholders.

Conclusion

San Diego County's real estate market in June 2024 reflects a vibrant and active landscape. Whether you're looking to buy or sell, staying updated with these statistics can help you navigate the market more effectively. As we continue through the year, keeping an eye on these trends will be essential for making the best real estate decisions.

Stay tuned for more updates and insights into the San Diego County real estate market!