San Diego's Holiday Cooldown: Did the Market Just Give Buyers an Edge?

San Diego Housing Market Update – Week Ending 07/06/25

This past week, the San Diego real estate market felt the predictable effects of a holiday weekend, with the 4th of July celebrations causing a noticeable dip in activity. But don't let the short-term quiet fool you. Beneath the surface, the data reveals some fascinating shifts, especially a massive year-over-year surge in homes for sale that could spell opportunity for patient buyers.

Let's dive into the numbers and see what's really happening.

🏠 DETACHED HOMES – Week Ending 07/06/25

Data for San Diego County detached single-family homes for week ending 7/06/2025. Source: SDMLS | Analysis by Matt O'Brien, Realtor.

The story for single-family homes this week is a classic tale of a holiday weekend pause combined with a much bigger, more important trend. As expected, the number of new listings dropped significantly (down 27% from last week) as sellers and agents took a break for the 4th. This is the fewest new listings we've seen in over a month, a clear holiday impact. However, buyer demand remained surprisingly steady, with pending sales dipping only slightly by 2%.

The most critical number for anyone watching this market is the Active Inventory. There are 50% more homes for sale right now than there were at this same time last year. This is a dramatic shift from the hyper-competitive market of 2023. While prices are holding firm (up 3.9% year-over-year to $1.07M), this expanded inventory gives buyers something they haven't had for years: choices.

🏢 ATTACHED HOMES (Condos/Townhomes) – Week Ending 07/06/25

Data for San Diego County attached homes (condos, townhomes, etc.) for week ending 7/06/2025. Source: SDMLS | Analysis by Matt O'Brien, Realtor.

The condo and townhome market also saw a holiday slowdown, with both new listings and pending sales down 13% for the week. More importantly, we're seeing the same massive inventory growth here as we did with detached homes. The number of available attached homes has skyrocketed by 59% compared to last year. This has created over 20 weeks of inventory, suggesting a significant shift towards a buyer's market in this segment.

This week, the median price for attached homes saw a notable drop to $652,500, which is down 6.8% from the same week last year. While one week doesn't make a trend, it's a key indicator to watch. This combination of falling prices and rising inventory could signal a prime window of opportunity for buyers who have been waiting on the sidelines.

💡 What This Means for You

For Buyers

Buyers, this is your moment to pay attention. The surge in inventory (up 50% for houses, 59% for condos YoY) is the biggest story. You have more leverage, more options, and more time to make a decision than you've had in years. The holiday lull might mean less competition this very moment, but be ready for activity to pick back up. The price dip in the condo market is particularly interesting... it might be the entry point you've been looking for.

For Sellers

The market is not the same as it was a year ago. With inventory dramatically higher, pricing your home correctly from day one is non-negotiable. The good news is that buyer demand is still solid for well-priced, well-presented homes. The median sold price for detached homes is still up nearly 4% from last year, showing that value is holding strong. We just need a smart strategy to stand out.

For Homeowners

Your equity position remains strong, with detached home values up significantly over the past few years. This week's data is a reminder that markets breathe and shift. If you're not planning to move, simply enjoy your home and the financial security it represents. If a move is on your mind for the next year, now is the time to start planning and watching these trends closely with a professional.

📞 Ready to Make Your Move?

The market is always changing, and these numbers show a clear shift. Whether you're a buyer seeing opportunity or a seller needing a new strategy, having a clear plan is everything. If you'd like to talk about what this data means for your specific situation and goals, I'm here to help.

Contact Me Today to Start the Conversation