The Numbers Soared in Our April Market

San Diego Real EstatePodcast with Max Folkers

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We just received the latest San Diego market numbers from this past April, and we’ve reached some new highs in a few different categories.
The first is median home price, which ended April at a brand-new high of $570,000. Prior to that, the record was $517,000, which was set all the way back in November 2005. In case you’re wondering, the all-time low for the median home price in San Diego is $280,000, which was set in November 2009. This means our market more than doubled our all-time low.
The second (and less exciting) high came from interest rates, which reached 4.5% for a 30-year fixed rate. This wasn’t a record high, but it was the highest point we’d seen in the past seven years.

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It will be interesting to see how our number of homes on the market evolves throughout the rest of the year.

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As a matter of fact, it’s that high that may have contributed to our next high—the number of active homes on the market. At the end of April, we had approximately 6,500 homes on the market.
The inflow and outflow of homes on the market is cyclical, and it’s not uncommon for this number to increase during this time of year. With both rising interest rates and rising prices hampering affordability, though, it will be interesting to see how this number evolves throughout the rest of the year.

Below are our active listings I mentioned in the video and, as always, if you have any other questions about our San Diego market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.

http://2828famosa108.ihousenet.com/mlsmax/home.htm

http://2120galvestonst.ihousenet.com/mlsmax/home.htm

http://3626lloydterrace.ihousenet.com/mlsmax/home.htm

http://1815cross.ihousenet.com/mlsmax/home.htm

http://4111calavodr.ihousenet.com/mlsmax/home.htm

http://6171ranchomission305.ihousenet.com/mlsmax/home.htm

http://94710th.ihousenet.com/mlsmax/home.htm