SAN DIEGO HOUSING SUPPLY KEEPS CLIMBING 📈 WHILE BUYERS WATCH FROM THE SIDELINES, WONDERING WHAT COMES NEXT (WEEK ENDING APRIL 13, 2025)

by MATT O'BRIEN, REALTOR®

The San Diego housing market is following a clear pattern: more homes are hitting the market, but buyers aren't moving as fast. Detached inventory jumped again this past week — continuing its upward climb — while pending sales dipped slightly. It's a market that feels like it’s building toward something... but what?

Aerial view of San Diego County showing April 2025 housing inventory climbing while buyer demand slows — San Diego housing inventory continues to rise while buyer demand softens — image represents April 13, 2025 market update trends.

Data reflects the week ending April 13, 2025.

🏠 Detached Homes – Market Snapshot

📌Key Takeaway: Detached inventory continues to grow, up 8.6% above the recent average. New listings outpaced pendings, and closed sales dipped again. Median prices are down compared to last year but fairly steady week to week.

🏢 Attached Homes (Condos & Townhomes) – Market Snapshot

**Attached Homes Market Snapshot – Week Ending April 13, 2025**
Inventory is climbing while pending sales drop. Prices are steady, but buyers are more selective.

📌Key Takeaway: Attached homes are seeing similar trends: more inventory, fewer pendings, and longer market times. Price per square foot continues to grow year over year — but buyers are clearly becoming more selective.

💡 What This Means for You

For Buyers: The increase in available homes gives you more opportunities and breathing room. Detached homes especially are stacking up. If demand doesn’t catch up soon, this could give you better terms or negotiating power.

For Sellers: This is no longer the ultra-competitive, lightning-speed market we saw a year ago. Listings are rising and pendings are falling. You can still sell strong — but pricing it right and launching with a clear strategy is more important than ever.

For Homeowners & Market Watchers: We’re watching a slow and steady shift. The inventory climb isn’t spiking — it’s steadily trending upward. If buyer demand stays soft, we could see more price pressure heading into May. If pendings bounce back, this spring could stabilize. It all depends on what happens next.

🧭 Pro Tip

Pay close attention to the gap between new listings and new pendings. As that gap widens, buyers gain leverage and sellers face more competition. Knowing where your segment stands in that balance — especially by property type — can help you time your move wisely.