San Diego Housing Market Update — February 2024

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• Rising Prices, Fast Sales & Low Inventory •

The housing market in San Diego continued to show resilience with increasing home prices due to low inventory levels as we move into spring from Feb 2024. New listings are on the rise, but fierce competition to snatch up limited homes for sale is driving fewer days on market and may put upward pressure on prices during peak real estate season this spring and summer.

This snapshot of the latest San Diego real estate stats from last month in February 2024 shows the percentage change year-over-year in comparison with February 2023. Limited inventory of homes for sale has fueled a sharp uptick in prices. Read on for a detailed analysis of this historical data and what impact these metrics have on Sellers, Buyers, and real estate trends around your neighborhood in San Diego.

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About The Author
Portia Green, REALTOR®

Portia’s clients all have a similar story. Most likely, you met her huddled around a tablet at the dinner table yet she feels like a friend. Her personable nature and easy going approach attract Sellers and Buyers alike, in what can be a stressful and emotionally charged event. A talented REALTOR® with 16 years experience, Portia is just as excited about real estate today as she was with her first transaction. She remains ever-committed to helping her clients find their place in the world and helping busy people navigate this crazy real estate market like a pro.