Spotlight
San Diego County Market Overview | July 2023
Jon Granston | August 16, 2023
Jon Granston | August 16, 2023
Affordability limits continue to affect summer homebuying, as sales fell 3.3% nationwide, per NAR. Rising mortgage rates, approaching 7%, have paused potential buyers, while existing homeowners hesitate to list due to higher rates. Closed sales dropped for both Detached and Attached homes (7.9% and 16.4% respectively), along with pending sales. Inventory decreased significantly, impacting prices. Median prices rose slightly, with Detached at $990,000 and Attached at $641,000. Despite lower sales, prices remain close to record highs. Limited inventory intensified competition, driving up prices, especially in affordable markets.
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| $2.76 billion | Los Angeles County, CA |
| $1.35 billion | Orange County, CA |
| $932.01 million | Santa Clara County, CA |
| $598.41 million | Cook County, IL |
| $509.26 million | San Mateo County, CA |
| $3.23 billion | Riverside County, CA |
| $1.12 million | Clark County, NV |
| $569.49 million | Maricopa County, AZ |
| $272.75 million | Travis County, TX |
| $259.93 million | Yavapai County, AZ |
