Homes Selling Fast in San Diego: Get the Latest Market Insights

Thinking of selling your home in San Diego? Good news awaits you! The real estate scene, while no longer at its ‘unicorn’ peak where homes flew off the market in record time, is still buzzing with swift sales.

To paint a clearer picture, let’s dive into some insightful data from Realtor.com. We’ve charted the median days on the market for homes each January from 2017 to the most recent stats. “Days on the market,” in this context, tracks the time from a home’s listing to its closing or removal from the market. This key metric sheds light on the pace of sales in comparison to typical years.

Now, focusing on the latest data (highlighted in green), we observe a trend: homes Nationwide are selling quicker than usual (represented in blue). The only period that outpaced the current market speed was during those extraordinary ‘unicorn’ years (indicated in pink). This is a significant drop from last year’s average of 27 days, pointing towards a very active market where listings move quickly. In San Diego, the numbers are a little different. San Diego, as a whole, homes have been hitting the pending status in about ten days, with the entire sale process wrapping up in roughly 18-21 -days. Here’s what Realtor.com’s findings tell us about the US market right now:

“Homes spent 69 days on the market, which is three days shorter than last year and more than two weeks shorter than before the COVID-19 pandemic.”

This trend offers a compelling opportunity for San Diego homeowners. Whether you’re in the heart of the city, in the metro neighborhoods such as North Park and South Park, or nestled in its nearby suburban neighborhoods, the market’s momentum is in your favor. As your local real estate experts, we’re here to guide you through this dynamic market, ensuring you make the most of these fast-paced selling conditions.

Homes Selling Fast in San Diego

Right now, the real estate market in San Diego is buzzing with activity, meaning your home could be the next hot listing. With the recent dip in mortgage rates, there’s been a surge in potential buyers eager to make a move. However, the supply of homes hasn’t quite caught up with this growing demand. Mike Simonsen, the Founder of Altos Research, highlights this trend, noting:

“. . . 2024 is starting stronger than last year. And demand is increasing each week.”

Final Thoughts 

Take a look at our latest market update for both San Diego County and one of our favorite metro neighborhoods, North Park.

Are you considering selling your home and are curious about the right time to do so? The latest market trends indicate that now might be an excellent opportunity. Currently, the San Diego real estate market is showing remarkable strength, more so than what’s typically expected during this season. For up-to-date insights specific to our local market, feel free to reach out to the McT Real Estate Group. Let’s connect and explore your options together.

Should You Buy a House Now in San Diego?