San Diego's Housing Inventory Continues Its Climb: A Market in Rebalance

by Matt O'Brien

🏠 San Diego's Housing Inventory Continues Its Climb: A Market in Rebalance ⚖️

San Diego Housing Market Update – Week Ending June 15, 2025

For Sale sign in a sunny San Diego neighborhood with a single-family home and a modern condo building in the background. — A "For Sale" sign on a San Diego street, with a classic single-family craftsman house and a modern condo building representing the growing variety of homes on the market.

This week in San Diego real estate, the story isn't just about prices—it's about choice. The number of homes for sale has exploded compared to this time last year, with active inventory for single-family homes up a staggering 59% and for condos/townhomes up an incredible 77%. This is a massive shift that is reshaping the market right before our eyes.

While more inventory is giving buyers a much-needed breather and more options to consider, it's also creating a fascinating split in the market. Let's dive into the data to see what's really happening.

🏠 DETACHED HOMES – Week Ending 06/15/25

METRIC	THIS WEEK	LAST WEEK	CHANGE	4-WK AVG	vs. 4-WK AVG	LAST YEAR	YOY CHANGE
New Listings	400	422	▼ 5.2%	395	▲ 1.3%	373	▲ 7.2%
Newly Pending	269	276	▼ 2.5%	277	▼ 2.9%	316	▼ 15%
Newly Sold	250	274	▼ 8.8%	263	▼ 4.9%	333	▼ 25%
Median DOM	22	18	▲ 4	16	▲ 6	20	▲ 2
Average DOM	32	32	--	31	▲ 1	32	--
Active Inventory	3,654	3,553	▲ 2.8%	3,466	▲ 5.4%	2,294	▲ 59%
Weeks of Inventory	14.5	13	▲ 1.5	12	▲ 2.5	6.5	▲ 8
Median Sold Price	$1,087,500	$1,091,000	▲ 1.3%	$1,122,725	▼ 3.1%	$1,056,550	▲ 2.9%
Median SP/SF	$592.35	$603.36	▼ 1.8%	$623.89	▼ 5.1%	$591.33	▲ .17%

Data for San Diego County detached single-family homes. The defining trend continues to be the 59% surge in active inventory compared to the same week in 2024.

For single-family homes, the theme is rebalancing. The massive 59% year-over-year surge in active listings has pushed the "Weeks of Inventory" up to 14.5 weeks—more than double what it was last year. This is a significant move towards a more buyer-friendly environment.

Consequently, we're seeing sales activity cool down. Both pending and newly sold properties are down compared to the 4-week average, and especially compared to last year (down 15% and 25%, respectively). Despite this slowdown, the median sold price remains resilient, up 2.9% year-over-year to land at $1,087,500. This shows that while the market is less frantic, underlying demand is still sufficient to support strong home values.

🏢 ATTACHED HOMES (Condos/Townhomes) – Week Ending 06/15/25

METRIC	THIS PERIOD	LAST WEEK	CHANGE	4-WK AVG	vs. 4-WK AVG	LAST YEAR	YOY CHANGE
New Listings	270	266	▲ 1.5%	256	▲ 5.5%	237	▲ 14%
Newly Pending	158	132	▲ 20%	134	▲ 18%	179	▼ 12%
Newly Sold	132	133	▼ .75%	133	▼ .75%	202	▼ 35%
Median DOM	27	23	▲ 4	25	▲ 2	20	▲ 7
Average DOM	36	36	--	38	▼ 2	31	▲ 5
Active Inventory	2,546	2,491	▲ 2.2%	2,434	▲ 4.6%	1,436	▲ 77%
Weeks of Inventory	19.5	18.5	▲ 1	16	▲ 3.5	8	▲ 11.5
Median Sold Price	$678,500	$615,000	▲ 10%	$686,125	▼ 1.4%	$730,000	▼ 7.3%
Median SP/SF	$598.86	$596.93	▲ 1.4%	$598.86	▼ 1.3%	$628.00	▼ 6.4%

Data for San Diego County attached homes (condos/townhomes). The story here is a massive 77% year-over-year increase in available homes, met by a fresh wave of buyer demand.

The attached housing market is telling a very different story. While inventory is also way up—a whopping 77% compared to last year—buyer demand has roared to life to meet it. Newly pending sales shot up 20% this week and are 18% above the 4-week average, a strong indicator of renewed buyer enthusiasm in this segment.

What's driving this? Buyers are likely responding to the combination of more choice and prices that are down 7.3% from the peak of last year. This affordability, relative to both last year and the detached market, is creating a hot spot of activity. It's a clear signal that well-priced condos and townhomes are in high demand.

💡 What This Means for You

🟢 For Buyers:

This is the moment many of you have been waiting for. With inventory levels more than doubled in some cases compared to last year, you have more choices and more negotiating power than at any time in recent memory. For detached homes, the frenzy has subsided. For attached homes, be prepared for competition but enjoy the wider selection.

🔵 For Sellers:

The market has shifted. You are now competing with a lot more listings. Pricing your home correctly from day one is non-negotiable. The data shows that buyers are not overpaying, and homes are taking slightly longer to sell. For those selling a condo or townhome, the current surge in demand offers a fantastic window of opportunity.

🟡 For Homeowners:

Your equity position remains strong, with detached home prices still up nearly 3% from last year. The sky is not falling; the market is normalizing. This is a healthy correction from an unsustainable pace. If you've been on the fence about your next move, understanding your home's current value in this new market is a smart first step.