NEW SAN DIEGO TREND⁉️ FEWER DETACHED HOMES BEING LISTED. 📉 Unpacking this week's Market Shift.

San Diego Housing Market Update – Week Ending June 1, 2025

This first week of June brings some fascinating shifts to the San Diego County housing market. The headline story? Active inventory for both detached homes and condos continues its upward march, with a massive 64% year-over-year increase for detached homes and an even more staggering 77% surge for attached properties! That’s a lot more choice for buyers. However, we're also seeing a slowdown in the pace of new deals (newly pending sales) and closed sales (newly sold) compared to last year, and even the last few weeks. It paints a picture of a market with more to look at, but perhaps some increasing hesitation or pickiness from buyers. Prices, while seeing some minor dips from recent weekly highs, are still holding up or even showing gains when we look at the year-over-year picture.

Let's break down exactly what these numbers mean for you.

🏠 DETACHED HOMES – Week Ending June 1, 2025

Data for detached single-family homes in San Diego County. Weeks of Inventory has jumped significantly year-over-year, while new listings show a recent dip.

For detached homes, the story is one of significantly more choice but also a slower pace of sales. Active inventory is up a slight 1.2% from just last week but a whopping 64% from this time last year. This has pushed "Weeks of Inventory" up to 15.5 weeks – that's a jump of 3.5 weeks from the 4-week average and a massive 9 weeks more than last year. This typically signals a market shifting more in favor of buyers.

However, demand, as seen in "Newly Pending" sales, is down 29% from last week and 23% year-over-year. Notably, new listings for detached homes have also trended down compared to the activity seen over the past month (down 15% vs the 4-week average), a development worth watching closely. Despite the slowdown in sales activity, the Median Sold Price, while down 2.5% from the 4-week average, is still up 1.4% year-over-year, landing at $1,099,900. The price per square foot also shows strength, up 3.4% compared to the 4-week average and 2.3% year-over-year. Homes are taking a little longer to sell, with Median Days on Market at 17 days.

🏢 ATTACHED HOMES (Condos/Townhomes) – Week Ending June 1, 2025

Data for attached homes (condominiums & townhomes) in San Diego County. Active inventory shows a very large year-over-year increase.

The attached market (condos and townhomes) tells a similar tale of swelling inventory. Active listings are up 1.2% week-over-week and an impressive 77% compared to last year. This means 18 weeks of inventory are now on the market, a significant 10-week increase year-over-year. Interestingly, new listings increased by 13% this week, bucking the trend seen in detached homes.

Demand for attached homes also softened, with newly pending sales down 9.9% from last week and 30% year-over-year. Newly sold properties were actually up 8.9% from last week (which can be a volatile number) but down 21% from last year. Median Days on Market surprisingly dropped to 24 days this week. The Median Sold Price for condos/townhomes is $710,000, which is down 1.3% from the 4-week average but, like detached homes, still shows a 1.4% gain year-over-year. The price per square foot is also up 3.6% YoY.

💡 What This Means for You

🟢 For Buyers:

This is arguably the best news window you've had in a while. More homes to choose from means less competition and potentially more negotiating power, especially on properties that have been on the market for a few weeks. With inventory building, take your time to find the right fit. Don't be afraid to make offers that reflect the current conditions, but remember that well-priced, desirable homes will still move. Mortgage rates are still a factor, so get pre-approved and understand your budget thoroughly.

🔵 For Sellers:

The market is shifting, and your strategy needs to shift with it. Pricing your home correctly from day one is more critical than ever. Overpriced listings will likely sit, especially with more competition. Presentation also matters immensely – ensure your home is impeccably staged and marketed. Be prepared for potentially longer days on market compared to the frenzy of the past few years and be open to negotiation. The good news is that prices are generally holding up year-over-year, so equity gains are still strong for most.

🟡 For Homeowners:

Your property value, on average, is still higher than it was last year, which is great news for your net worth. If you're not planning to move, this market shift doesn't directly impact you much beyond seeing more "For Sale" signs. It's always a good idea to keep an eye on comparable sales in your neighborhood if you're considering a HELOC or just curious about your equity.

🛠 Pro Tip This Week

With more homes on the market, buyers can afford to be a bit more selective. Sellers, this means your home needs to shine! Consider a pre-listing inspection to identify and address any potential issues upfront. This can make your property more attractive and lead to smoother negotiations, as it gives buyers more confidence and one less thing to worry about. Transparency can be a powerful tool in a market with growing inventory.