September Home Sales Fall, While Prices Remain Unphased

Sales of previously owned homes pulled back in September, while median prices barely moved. Data on the current resale market is compiled by the Greater San Diego Association of REALTORS® (SDAR) through the San Diego Multiple Listing Service (SDMLS).

Single-family home sales fell by nearly 14 percent month-over-month but were more than 8 percent higher than September a year ago. Condominiums and townhomes (attached properties) saw a deeper drop of 22 percent in September compared to the previous month and were nearly 5 percent less than a year ago. Resale properties were closing escrow in an average of 34 days, compared to 25 days a year ago.

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