Home Buying in San Diego>Question Details

Lenn Harley,  in Maryland and Northern...

How long are homes for sale staying on the market in the San Diego area?

Asked by Lenn Harley, Maryland and Northern Virginia Thu May 17, 2007

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The median days on market for April, 2007 was 71, in march, 2007 it was 72 days. this month last year the days on market was 63
Web Reference: http://brian-brady.com
4 votes Thank Flag Link Fri May 18, 2007
This is a complex queston, in that the answer lies more in what area you are referring to. San Diego, as a whole, is a big place. Local makret conditions vary quite a bit depending on inventory, desirablity and much more. Some communities I track have an average DOM (days on market) of less than 60, while others are more than 100 days. It also varies between attached and detached homes, and may be more or less depending n the price range as well.

The other thing to keep in mind is that the numbers that are reported are based on the current contract. A home could have been on the market with 1 or 2 other agents for a much longer period of time. So in some cases the average DOM under-estimates the reality.

Lastly - does it really matter? What does this tell you as a buyer? That you can take your time? Or perhaps not? At some level it is useful, but certainly not something one should rely on for making important buying decisions.
1 vote Thank Flag Link Mon Jul 23, 2007
For the first half of '07, we have seen a steady decrease in the number of days a property stays on the market from around 80+ days down to 67 days. Still about a 12% increase over the same period last year. While these numbers, in general, reflect the entire county, each micro-market has it's own dynamics and is unique to itself (i.e. Carlsbad, La Jolla, Coronado, Imperial Beach, etc.)
1 vote Thank Flag Link Tue Jul 17, 2007
Take a look at this site. It has statistics for San Diego County real estate such as average list/sold, median list/sold prices, monthly inventory, days on market, numbers sold and listed etc.
http://www.sandicor.com/statistics
1 vote Thank Flag Link Sat Jul 14, 2007
This question cannot really be answered without knowing the area. The reality is that many areas have SO much inventory that the market time can be 100+ days (Eastlake for example). In general a WELL-PRICED home in an area that's relatively "hot" then 45 days or so would be about right. In other areas it's going to be about 75+/-. Hope this helps!
1 vote Thank Flag Link Fri Jul 13, 2007
You are asking for a very complex answer. I would suggest calling for an answer. It seems you are an agent. I can try to send you the data from Sandicor our local MLS listing and the board if you need it. The overall answer is 7 months. The area I live in is less then 52 days.
0 votes Thank Flag Link Wed Nov 7, 2007
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