As the kids head back to school and the San Diego weather begins to take on a chillier note, there is often a natural slowdown of the real estate market. Even though there is evidence of this occurring in San Diego, it is only a slight difference in some areas when compared to other months. For other important real estate categories, however, there is an upswing in the numbers.
Properties for Sale and Sold: A Mixed Review
September has seen a slight dip in the number of properties listed for sale with 6,524 total for the month compared to 7,202 for August. As far as the number of properties sold, however, there has been an increase of over 200 compared to August figures. In September, 3,379 properties were sold while 3.157 were sold in August.
Good News for Sellers and Buyers
Two important areas of real estate figures have remained largely the same: the average days a home is on the market and the average sale price. Detached homes are staying on the market for an average of 33 days while attached properties are looking at a sales turnaround time of about 28 days. These figures are good news for home sellers who want to see a quick resolution to their home selling process.
The interest rate is an all-important statistic that must be watched. From August to September, it rose from 3.39 percent to 3.56 percent.
San Diego Real Estate Market Statistics for September 2016