June 2020 Housing Market – Downtown San Diego Condo Market
Over the last 2 months, the number of sales has dropped drastically and the inventory continues to rise. The good news is the Downtown San Diego housing market is beginning to gain momentum. In May, we saw a 72.7% increase in the number of homes to go into escrow when compared to April. June should have a strong month of sales and hopefully that continues to be the case.
Due to the fact that the number of sales has been drastically lower than normal, the number of total properties on the market continues to grow. This is increasing inventory fairly quickly. I think the “V shape” that you hear so frequently may be accurate when you analyze the real estate trends. A number of graphs depict this “V shape” we have been hearing about and I predict it will hold true regarding the number of sales throughout the month of June.
So many people ask me “How’s the market?”, but as you can see there isn’t a one size fits all answer. Are you a buyer or seller? What price range are you looking to buy/sell in? Do you have time to wait for the right deal or find the right buyer? Questions like these are important to understanding how your market is.
If you are looking to purchase a home in Downtown San Diego, it important to have a competitive edge. You need a guide through this complex real estate market, especially during these times. Our team prides ourselves in the research and market knowledge we posses.
It is also even more important as a sell to chose an agent that will give you the best chances of selling your home. Through our extremely high marketing standards and innovative techniques, such as 3-D tours, let us help you through the selling process in this complicated market.
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Market Time
- Average Market Time
- Median Market Time
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Months Supply of Inventory Forecast (Pending Listings)
# Active Listings / # Pending That Month
Average Vs. Median List to Sales Price (%)
- Average List to Sales (%)
- Median List to Sales (%)
Number of Sales
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on June 2nd, 2020.