San Diego County Real Estate Market Update - January 2024

As we dive into the new year, let's take a moment to explore the real estate market trends in San Diego County for January 2024. Renowned for its vibrant property market and appealing investment opportunities, San Diego County offers a dynamic real estate landscape to delve into.

New Listings

January 2024 saw a total of 2,631 new listings in San Diego County. This figure denotes the confidence of sellers in the market and presents an array of fresh options for potential buyers.

Active Listings

The active listings for the month stood at 3,022. This number indicates a solid inventory level, offering a wealth of choices for those looking to invest or find their dream home in the thriving San Diego County real estate market.

Pending and Closed Sales

Pending sales for January were recorded at 1,861, demonstrating a robust demand for properties in the region. Furthermore, the number of closed sales was also significant, totaling 1,447¹. These figures highlight the active nature of the San Diego County real estate market, with a substantial volume of transactions being completed.

Closed Transaction Volume

The closed transaction volume for the month was a whopping $3,128,855,522. This substantial figure underscores the considerable 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 January was 28. This relatively brief period suggests that properties are selling quickly, indicative of a seller's market where demand is high and supply is limited.

Median Sales Price

Lastly, the median sales price for January 2024 was $830,000. This price point, while higher than the previous year's median sales price, suggests a market with a mix of both luxury and more affordable properties. It's a useful indicator for potential buyers and sellers to understand the overall market conditions.

In conclusion, San Diego County's real estate market has started 2024 with strong performance across all key indicators. With a high number of new and active listings, robust sales activity, significant 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 accurate and up-to-date information, it is always recommended to consult with a local real estate professional.