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December 2016 Market Updates

Posted by Bob Flynn on December 28, 2016
| Blog
| 0

In November 2016, 2,653 homes sold in San Diego County.  This is 33% more sales than in November 2015.  Inventory remains at just over 2 months’ supply of homes.  Median detached homes prices have dipped from $580,000 as of November 1st to $564,000 as of December 1st.

 

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The broader trend towards fewer and fewer days on market remains in place.  We will continue to monitor this trend line, the number of units selling on a 12 month trailing basis and the number of months of inventory. Until these indicators go against us, we expect the market to continue to rise.

 

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Bob Flynn, December 2016

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