Here we saw how the NSDCC sales have been down 9% this year – how have sales been county-wide?  The closed sales between January and May this year are also down 8% compared to last year, in spite of there being 20% MORE houses listed for sale than in 2017!

The cheerleaders can’t claim that lower sales are due to lack of inventory!

San Diego County Detached-Homes Sales, Jan – May:

Year
New Listings
Closed Sales
Median SP
Median DOM
2013
14,259
10,410
$433,000
29
2014
13,779
8,875
$485,000
35
2015
14,476
9,351
$515,000
29
2016
14,352
9,284
$550,000
26
2017
13,816
9,366
$585,000
20
2018
16,581
8,602
$629,000
26

People want to believe that it takes longer to sell more expensive homes.  But the NSDCC median days-on-market is 18 days this year, where the median SP is $1,325,000.  Eight days faster in a sub-region where the median sales price is twice as much!

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