San Diego's Buyer Frenzy? Pending Sales Explode 27% as Inventory Swells

by Matt O'Brien

🔥 San Diego's Buyer Frenzy? Pending Sales Explode 27% as Inventory Swells

San Diego Housing Market Update – Week Ending June 30, 2025

View of a dense San Diego neighborhood with modern condos and single-family homes, illustrating the swell in housing inventory in the June 2025 real estate market. — An image representing the vibrant mix of single-family homes and modern condo complexes that define San Diego's diverse and dynamic housing market.

This week in San Diego real estate delivered an unexpected twist. While housing inventory continues to climb to levels we haven't seen in years, buyer activity for single-family homes suddenly roared back to life. Newly pending sales for detached homes skyrocketed by a massive 27% in just one week, suggesting a surge of motivated buyers jumping off the sidelines.

This is a market of contrasts: more choice for buyers than ever, but also fresh competition for the best properties. Let's break down what these numbers mean for you.

🏠 DETACHED HOMES – Week Ending June 30, 2025

Data chart for San Diego's detached single-family homes for the week ending June 30, 2025, showing metrics like new listings, pending sales, inventory, and median sold price.

Data for San Diego County detached single-family homes for week ending 6/29/2025. Source: SDMLS | Analysis by Matt O'Brien, Realtor.

The big story for detached homes is the explosive 27% week-over-week jump in pending sales. After weeks of slower activity, this signals a significant wave of buyers deciding to make their move, likely encouraged by the growing inventory and moderating prices. This surge in demand happened even as fewer new listings came to market compared to last week.

However, the bigger picture remains one of a market rebalancing. Active inventory is up a staggering 55% compared to this time last year, giving buyers more power and choice. This has directly impacted prices, with the median sold price now 4.9% lower than a year ago. With 15.5 weeks of inventory on hand, more than double last year's 6.5 weeks, the pressure is on sellers to price competitively.

🏢 ATTACHED HOMES (Condos/Townhomes) – Week Ending June 30, 2025

Data chart for San Diego's attached homes (condos and townhomes) for the week ending June 30, 2025, detailing statistics for sales, inventory, and median prices.

Data for San Diego County attached homes (condos/townhomes) for week ending 6/29/2025. Source: SDMLS | Analysis by Matt O'Brien, Realtor.

The attached home market is telling a different story. While buyer activity saw a modest 3.1% increase in pending sales, the real headline is pricing. The median sold price for condos and townhomes jumped 4.8% last week to $680,000. Unlike the detached market, attached homes are now showing a 1.5% price gain year-over-year, demonstrating impressive resilience.

This price strength is happening despite a massive 67% increase in active inventory compared to last year. The market now holds 19 weeks of supply, more than double the 8 weeks available at this time in 2024. This indicates that while buyers have far more options, demand for more affordable entry-level housing is strong enough to support, and even increase, current price levels.

💡 What This Means for You

🟢 For Buyers

This is the moment you've been waiting for. Inventory levels are the highest they've been in years, giving you negotiating power and breathing room. The 27% surge in pending sales for single-family homes shows that other savvy buyers are recognizing this window of opportunity. Act now before the renewed competition eats into your advantage.

🔵 For Sellers

The market has clearly shifted. If you want to capture the attention of the motivated buyers who are out there, your pricing strategy must be flawless from day one. The good news? The jump in pending sales proves that demand is still strong for well-positioned homes. For attached-home sellers, the price resilience is a major advantage.

🟡 For Homeowners

Your equity position remains strong, but the days of rapid, automatic appreciation have cooled, especially for detached homes. Your property's value is significantly higher than it was a few years ago, but likely down from the absolute peak. This is a perfect time to re-evaluate your long-term goals and enjoy your home without banking on runaway price growth.

Ready to Make Your Move?

Navigating a market with this many parts can feel complex, but you don't have to do it alone. Whether you're a buyer seeing a rare window of opportunity or a seller who needs a data-driven strategy to stand out, my focus is on turning these numbers into your success story.

If you have questions about what these trends mean for your property or your home search, I'm here to provide clarity. Let's connect for a no-pressure consultation to discuss your specific goals.

Contact Me Today