"In October, home prices fell moderately from the month before, with a median listing price of $850,338. The number of listings on the market shrank 8.0% from last month, which is a bigger decrease than normal for this time of the year in San Diego, and homes are also selling slower than at the same time last year. Home prices in San Diego "
"Typically, home price per square foot in San Diego tend to fall in October. And the most recent data shows that the price per square foot decreased by 1.4% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in America's Finest City are larger the national market."
"In October, there were 1,999 homes for sale in San Diego, which was 8.0% less than the month before and 21.0% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. Homes in San Diego take an average of 44 days to sell, according to October figures. This is one day more than the previous month and seven days more than the same month last year."
In October, the median listing price in San Diego was $850,338, representing a moderate month-over-month decline. Price per square foot decreased 1.4% versus the prior month, larger than the national per-square-foot decline of 0.8%. Active listings in the city totaled 1,999 homes, down 8.0% from the previous month but up 21.0% year-over-year. National active inventory remained essentially unchanged at 1,100,001. Homes in San Diego averaged 44 days on market, one day longer than the prior month and seven days longer than the same month last year. Nationally, homes averaged 63 days on market in October.
Read at SFGATE
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