🏠📉 MORE HOMES FOR SALE — BUT WHERE ARE THE BUYERS (AND WHY ARE PRICES STILL RISING?)

San Diego Housing Market Update – Week Ending May 18, 2025

Another week of mixed momentum in San Diego real estate. Detached home inventory continued to climb, giving buyers more options. But newly pending sales dipped in both markets, suggesting demand may be cooling just as supply builds. Median days on market also fell for detached homes — a sign that motivated buyers are still acting quickly.

Let’s take a closer look at this week’s numbers…

🏠 Detached Homes

Detached Homes Summary

Detached listings surged again, up 16% week-over-week and now 8% above the recent 4-week average. Buyers finally have more options, but demand didn’t keep pace — pending sales fell nearly 9% from last week. Interestingly, homes sold faster, with median DOM dropping to 15 days.

Active inventory reached 3,424 — up 75% compared to the same time last year. That’s a huge jump, and it’s giving buyers more leverage than they’ve had in recent spring markets.

🏢 Attached Homes (Condos + Townhomes)

Attached Homes Summary

Attached homes also saw a rise in new listings, now up 8.2% over the 4-week average. But pending sales dropped for the second week in a row, down 5% from last week and 31% lower than this time last year. Meanwhile, both median and average DOM ticked up — a sign that buyers are slowing down.

Active inventory for condos and townhomes is now 91% higher than last year. With supply building, the competition may cool heading into summer.

🧠 What This Means for You

🟢 For Buyers
You finally have choices. Detached inventory is climbing, and DOM is stable or improving. But don’t expect huge discounts — sellers with desirable homes are still getting attention fast.

🔵 For Sellers
You’ll need to be strategic. Demand is softening, especially in the condo market. Price smart, prep your home well, and don’t expect the frenzy of prior years.

🟡 For Homeowners
Your equity remains strong. Detached home prices are up 3.6% YoY, and attached homes are up 5.6%. Even as the market shifts, values are holding steady.

🟠 For Investors
Inventory growth could signal new opportunities — especially if DOM continues to rise. Watch for soft pockets and be ready to negotiate.

💡 Pro Tip

📊 Don’t rely on headlines — track inventory and DOM. They’ll tell you more about the market’s real direction than sold price alone.

📣 Curious how this week’s trends affect your next move?

Reach out — I’m happy to walk you through it.