San Diego Housing Market Update-April 2014

The spring buying season is here in the San Diego housing market. Inventory levels (the number of homes on the market “actively” for sale) are currently 6600 listings in San Diego county, up slightly from 6500 last month. That number should continue rise in the coming months as more people put their homes up for sale into the summer.

How's the market 2

According to, interest rates are currently at 4.21% for a 30-year fixed loan. This is well below the historical average of 6% or so, which is great for home buyers. To calculate your potential mortgage payment, go HERE.

Finally, as you will see on the chart below, prices are starting to take on a more normal pattern. There are much more modest changes than the previous year, with a 10.1% increase in median prices, compared to over 20% a few months earlier. However, even with the higher prices, homes continue to sell a a faster pace than a year ago.

The San Diego Association of Realtors analyses housing market date for San Diego county every month. Below is their monthly report. The figures combine both condos and townhomes, as well as single-family homes.

Click on image to enlarge

Click on image to enlarge


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2 Responses to “San Diego Housing Market Update-April 2014”

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