"Typically, home price per square foot in San Diego tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.2% compared with the month before. So, how does this compare with the rest of the U.S? Nationally, home price per square foot decreased 1.2%, which means price changes in America's Finest City are smaller the national market."
"In November, there were 1,893 homes for sale in San Diego, which was 5.2% less than the month before and 18.5% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in San Diego was 708, which was 25.5% less than the month before and 4.1% more than the same time last year."
Median listing price in San Diego in November was $850,000, a slight month-over-month increase. The number of listings fell 5.2% from October to 1,893 active homes, 18.5% higher than a year earlier. Price per square foot in San Diego decreased 0.2% month-over-month despite typical November increases, while nationally price per square foot fell 1.2%. New listings numbered 708, down 25.5% from last month and up 4.1% year-over-year. Homes in San Diego averaged 45 days on market, one day longer than both the prior month and the same month last year. National active inventory declined 2.5% to 1,072,266 and national average days on market was 64.
Read at SFGATE
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