Highlights:

Condo/townhome inventory rocketed up nearly 58% from 2024 while single family home inventory remained unchanged.

Median sales prices are up 2.4 percent compared to last year, but down about the same percent from the all-time high set last month.

Note: The graph I used does not show month-to-month but rather a yearly change.

Rates:

The price drop coincides with a rise in rates from 6.43% in June to almost 6.7% today. Rates were actually a touch higher last year, but dropped to 6% this March. A half of a percentage point adds about $250/month on a million dollar loan.

Condos/townhomes are becoming more affordable and single family homes are pushing further out of reach. A score of 100 means a median income JUST qualifies to buy a home. Condos are at 65/100 and SFH at 37/100.

Any questions or feedback, just comment. All data is sourced from the MLS or St. Louis Fed. I only use AI or other tools for simple calculations and for editing graph titles.

The median sales price hit an all-time high of $930,000 and is up 5% since last June.This beats the previous record by $15,000.

Values have been rising consistently since last October, when prices briefly dropped to a 16-month low of $857,000.

​Values by Property Type

​Single-Family Homes (SFH): $1,111,000

​Condos/Townhomes: $679,000

​Rates & Inventory

​Interest Rates: Rates are currently sitting at 6.49% on a 30-year fixed mortgage (according to the St. Louis Fed). This is down from 6.77% last June.

​Active Listings: Inventory has been on an upward march. While listings are still down 12% compared to last year, inventory is currently double what it was in 2023.

​A quick note on the data:

I'm referencing the median sales price. This means exactly half of all homes sold below the $930k value and half sold above it. It is not the minimum (which is much lower) or the average (which is skewed much higher by luxury sales).

​Sources

All data was pulled directly from the MLS by me, which is not public access. I don't use AI unless I need help with image editing (resizing). In about a week, most of the data will be released by SDAR. You'll also be able to pull neighborhood-specific data as well for yourself via the link below (it's not my site!)

https://sdar.stats.10kresearch.com/reports

​Ask away if you have any questions!

Taco servings are big enough for two to three tacos and they give you an extra tortilla. The Marlin Taco is good, but the gobernador and Costa Azul are my favorites. Free tasty consume and usually pretty busy, but the line moves fast. Chula Vista off Main and 4th.

Below you will find the data for SD real estate. I don't use AI for anything except for tweaks of my pathetic graphics (sorry!). So please bare with me for any typos!

When I'm discussing prices, I'm referring to median sales price and not monthly costs.

I am pulling the data from the MLS and posting for y'all about three weeks in advance of most other sources. If I made any tabulation mistakes, let me know.

The data

May prices for all homes combined inched up 1.3% since last year. This ties the second highest value, ending the month identical to last.

Single family homes hit an all time high to end at $1.1m. Condos/townhomes sold at a median price of $675,000.

Months of inventory declined 11% from last year to 3.2 months.

Days on market, or total time to sell a home,

is the lowest it's been since 2024.

Interest rates are at 6.5% as a national average for a 30 year fixed. They were at just under 6% in Feb.

Percent of ask received at 98.2, meaning on "average" that homes are selling lower than the original list price.

My take:

The market still appears resilient. People who can buy are still in the market, despite the chaos a lot of us feel in the world.

Let me preface this: I didn't expect this. I anticipated a flattening or slowdown. A lot of experts have been projecting the same, but it hasn’t happened yet. And may not happen anytime soon.

What happened:

Despite global economic headwinds and rates sitting at 6.3%, buyers (both people and corporations) are still buying.

San Diego County

Total Volume: $3.91 billion. This was the highest total combined dollar volume of all homes sold on record, up 45% over last year.

Median Sales Price: $905k. Prices continued their 6-month climb upwards, up 2.5% YoY. This is the second-highest median home price on record (the highest being last June at $918k).

Time to Sell: Days on market are dropping as summer arrives, but it's still taking 15% longer to sell a home compared to last April.

Inventory: While inventory is down 12% compared to last April, relative to the last few years it's healthy. It's up almost 68% since 2024 and almost 3x 2023.

Source

My source is the local MLS. I've been posting this data for around 4-5 years now to r/SanDiego with the permission of the mod team and always well before it's in the news

Standard disclaimer: My degrees are not in economics. I am not a financial advisor or a clairvoyant. I'm just here sharing data. My generic advice, which also extends to stocks and is shared by most experts is: don't try to time the market. Nobody can predict the future. Next month we could be singing a different tune.

From NBC7

New nonstop domestic routes

Airlines including Alaska Airlines and Southwest Airlines are launching several new routes:

April 7: Santa Rosa (Southwest)

April 22: Oakland, Dallas/Fort Worth and Raleigh-Durham, North Carolina (Alaska)

April 22: Santa Barbara (Alaska)

June 4: Boston (Southwest)

August 4: Santa Barbara (Southwest)

Returning domestic routes

May 6: Jacksonville, Florida and Norfolk, Virginia (Breeze Airways)

May 7: Cincinnati and Raleigh-Durham (Breeze Airways)

May 8: Pittsburgh (Breeze Airways)

May 16: Anchorage (Alaska)

June 4: Pittsburgh (Southwest)

June 11: Kalispell/Glacier, Montana (Alaska)

June 13: Missoula, Montana (Alaska)

Expanded international service

Feb. 21: Amsterdam, Netherlands (KLM Royal Dutch Airlines), resuming three times per week

April 25: Munich, Germany (Lufthansa), now daily

May 1: London-Heathrow, United Kingdom (British Airways), now twice daily

May 1: Calgary, Alberta (WestJet) daily, increasing to nine weekly in July

May 2: Montreal, Quebec (Air Canada), daily

May 2: Vancouver, British Columbia (Air Canada), increasing to three times daily

July 1: Panama City, Panama (Copa Airlines), increasing to five times per week.