San Diego County Real Estate Market Update - December 2023

San Diego

San Diego County Real Estate Market Update - December 2023

As we usher in the new year, it's the perfect time to reflect on the real estate market trends in San Diego County for December 2023. This vibrant and diverse market has seen some intriguing dynamics, so let's delve into the specifics.

New Listings

San Diego County saw a substantial influx of new listings in December 2023, with 1,265 properties entering the market. This surge provides a wide array of options for potential buyers and reflects sellers' confidence in the market.

Active Listings

The active listings for the month stood at a promising 2,561. This figure indicates a healthy inventory level, offering a plethora of choices for those looking to invest in the thriving San Diego County real estate market.

Pending and Closed Sales

Pending sales for December were recorded at 1,346, a strong figure that showcases the robust demand for properties in the region. Moreover, the number of closed sales was even more impressive, totaling 1,411. These figures highlight the dynamic nature of the San Diego County real estate market, with a considerable number of transactions being completed.

Closed Transaction Volume

The closed transaction volume for the month was an astounding $2,989,021,268. This substantial figure underscores the significant value being exchanged in the San Diego County real estate market, reflecting the high level of investment activity in the area.

Average Days on Market

The average number of days properties spent on the market in December was just 25. This relatively brief period indicates a high demand for properties and a market where transactions are moving quickly—a positive sign for both buyers and sellers.

Median Sales Price

Last but not least, the median sales price for December 2023 was $825,000. This price point suggests a balanced market, with a healthy mix of both high-end and more affordable properties. The median sales price is a useful indicator for potential buyers and sellers to understand the overall market conditions.

In conclusion, San Diego County's real estate market demonstrated strong performance across all key indicators in December 2023. With a high number of new and active listings, robust sales activity, substantial transaction volume, and a balanced median sales price, it continues to prove itself as a dynamic and attractive real estate market.

Please note that these statistics are based on the data available at the time of writing this blog and could be subject to change. For more detailed and up-to-date information, it is always recommended to consult with a local real estate professional.

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