San Diego, CA home prices and housing market

San Diego home prices are dead flat this year, and nearly one in five listings just cut its price. If you are thinking about selling in the next year, that combination tells you almost everything you need to know. The typical San Diego home is worth about nine hundred eighty-four thousand dollars, down just three tenths of a percent from a year ago, so this is a standstill, not a slide. There are roughly two thousand three hundred homes for sale right now, and about 970 new listings hit the market last month, so buyers have real choice. Homes are taking about 37 days to sell, long enough for an overpriced listing to look stale. And here is the tell: nearly 20 percent of active listings have already cut their asking price. But one number cuts the other way: the median list price is about eight hundred fourteen thousand dollars, well below the typical value, which means much of what is listed sits at the more affordable end. Prices are holding, but buyers will not chase, so price to the market from day one, because the sellers cutting later are the ones who aimed high first. If you want to know where your home stands, get a free estimate at Home Value Pros dot com.