June 2022 San Diego County Market Report

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• June 2022 Update on San Diego Real Estate Trends in Early Summer •

As higher mortgage rates collide with record home prices, the housing market shows definite signs of a shift, leaving many would-be buyers with more affordability challenges and less purchase power than just a few months back.

This past month in June, we saw prices in San Diego – along with those in San Jose, San Francisco, Sacramento, and Los Angeles regions – all fell slightly from the month prior. These formerly competitive market areas have also seen an increase in the number of active listings, leaving aspiring buyers with more homes to choose from this summer.

If rates continue to increase, home appreciation may slow down to below-average levels in the coming months. Here’s a detailed look at June numbers plus a few newly listed properties from reali.com.

San Diego County Market Stats: June 2022

3,842 Homes for Sale
42% Month-over-Month Change

2,422 Homes Sold
-13% Month-over-Month Change

$1.3M Average Price
-3% Month-over-Month Change

Want more insight into your specific neighborhood or data insights for your local district? Request a free neighborhood market report.

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Call us at 858.880.0195 or email portia.green@compass.com to get started with Reali today.

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About The Author
Portia Green, REALTOR®

Portia's clients all have a similar story. She feels like a friend and most likely you met her at the kitchen table or huddled up in the living room. Her personable nature and easy going approach attract sellers and buyers alike, in what can be a stressful and emotionally charged experience. An experienced REALTOR® with 15 years experience, she is just as excited about real estate today as she was with her first transaction. Portia 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.