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San Diego County Real Estate Market Update - February 2024

San Diego

San Diego County Real Estate Market Update - February 2024

San Diego County Real Estate Market Update - February 2024

As we navigate through 2024, let's dive into the real estate market trends in San Diego County for February. Known for its stunning coastline, vibrant culture, and enticing property market, San Diego County offers a dynamic real estate landscape that attracts both homebuyers and investors.

New Listings

In February 2024, San Diego County saw a total of 2,302 new listings. This figure shows an active seller market that presents potential buyers with fresh property options – from beachfront condos to spacious family homes.

Active Listings

The active listings for the month were recorded at 2,866. Despite the competitive market, this number signifies a balanced inventory level, providing a variety of choices for those looking to invest or find their dream home in the bustling San Diego County real estate market.

Pending and Closed Sales

Pending sales for February were logged at 1,957, demonstrating robust demand for properties in the region. Moreover, the closed sales totaled 1,766, reflecting a vibrant real estate market with a substantial volume of transactions being completed.

Closed Transaction Volume

The closed transaction volume for the month was a remarkable $4,151,039,966. This figure underscores the substantial value being exchanged in the San Diego County real estate market, reflecting high levels of investment activity in the area.

Average Days on Market

The average number of days properties spent on the market in February was just 25. This short period suggests that properties are selling quickly, indicative of a seller's market where demand is high and supply is quickly absorbed.

Median Sales Price

Lastly, the median sales price for February 2024 was $875,000. This price point, higher than the previous year's median sales price, suggests a market with both luxury and more affordable properties. It serves as a useful indicator for potential buyers and sellers to gauge the overall market conditions.

In conclusion, San Diego County's real estate market continued its strong performance in February 2024 across all key indicators. With a consistent number of new and active listings, robust sales activity, significant transaction volume, and a balanced median sales price, it continues to assert 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 accurate and up-to-date information, it is always recommended to consult with a local real estate professional.

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