• 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