The Summer Lull is Over: San Diego Buyer Demand Hits Highest Level Since Spring

San Diego Housing Market Update – Week Ending July 20, 2025

This week's data reveals a significant shift in the San Diego housing market. As housing market analyst Logan Mohtashami often notes, holiday timing can have a major impact on the data. With the Fourth of July falling on a Friday this year, it effectively disrupted market activity for the weeks both before and after as families extended their vacations. Now, it appears that lull is officially over. Buyers are back in town, and the numbers show they are ready to make a move.

🏠 Detached Homes – Week Ending July 20, 2025

Data for San Diego County detached single-family homes. Source: SDMLS | Analysis by Matt O'Brien, Realtor.

The big story for single-family homes is the return of motivated buyers. The number of homes going into escrow (Newly Pending) climbed by a significant 21% in just one week. To put that in perspective, this is the highest number of newly pending sales we've seen for detached homes since May. At the same time, the number of new listings slowed by 10%, intensifying the focus on the best available properties.

This increase in demand is putting upward pressure on prices. The median sold price rose 6.4% this week to $1,170,000, and the price per square foot increased by 11%. While inventory is still up a healthy 47% compared to last year, this new data shows that well-priced homes are attracting swift attention.

🏤 Attached Homes (Condos/Townhomes) – Week Ending July 20, 2025

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

The condo and townhome market is telling a similar, though quieter, story of renewed interest. While pending sales saw a more modest 3.9% increase, it’s a meaningful jump. In fact, this marks the highest number of newly pending sales for attached homes since March, showing a consistent return of buyer activity.

Interestingly, while the median sold price is slightly down compared to this exact week last year (▼ 0.37%), the price per square foot showed a powerful 8.9% jump this week. This suggests that while the mix of properties sold might have changed, the intrinsic value of attached homes is climbing. With inventory up 57% year-over-year, buyers in this segment have a fantastic selection to choose from.

💡 What This Means for You

🟢 For Buyers

Opportunity is knocking, but you need to act decisively. The 47-57% increase in available homes compared to last year is a gift. However, with demand hitting its highest level since spring, the best-priced, most desirable properties will go fast. Getting your pre-approval in order now is the smartest first step you can take.

🟡 For Sellers

The increased buyer activity could be a great sign for you. With more buyers writing offers, this is a promising environment to sell. To capture their attention, it’s critical that your property shows in its best light, is priced competitively compared to recently pending and closed sales, and truly stands out from the competition.

🔵 For Homeowners

Your investment continues to perform well. The year-over-year median price for detached homes is up 9.1%, a significant gain in equity. Even in the more balanced attached market, the price per square foot is climbing. Now is a perfect time to get an updated sense of your home's value and review your long-term goals.

🔴 For Investors

Pay close attention to the price-per-square-foot metrics. With detached SP/SF up 8.7% year-over-year and attached up 2.1%, underlying asset values are appreciating nicely. The significant jump in available inventory may present unique opportunities to acquire properties where you can add value and capitalize on these strong market fundamentals.

📞 Ready to Make Your Move?

The market is shifting quickly, and these numbers show why having a clear strategy is so important. Whether you're thinking of buying, selling, or just want to understand what your home is worth in today's climate, I'm here to help you navigate it with confidence.

Ready to chat? I offer a free, no-pressure consultation to help you figure out your next steps. Let's make a plan that works for you.