San Diego Metro Area Real Estate Market Hits Price Cuts Low

A three-week downward trend in the number of homes sold was extended this week after the San Diego Metro Area market had 3,114 transactions over the last 30 days. With 3,133 price reductions, the lowest amount since July, the market may be looking for a higher price point. San Diego County had 3,133 price reductions, making it the top contributor. While the number of sellers reducing prices were soft, months of inventory were further reduced to two, extending a downward trend to four weeks. With inventory so low and sales rising, the San Diego Metro Area is a definite seller's market.

Trying to find a home in the San Diego Metro Area that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market:

$5.4M   $7M   $6.5M  

Get started right now by checking out San Diego Metro Area homes for sale or reviewing San Diego Metro Area real estate trends.

Demographic facts for the San Diego Metro Area:

  • The average elevation in this area is 1,965 feet.
  • The area's median income per household is $59,322.
  • There are 1,105 students for every counselor. (513 = national average)

Data reported through 10/12/2016

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