San Diego’s home market was as quiet as ever during the dog days of summer.
The median home price was $900,000 in July in San Diego County, according to Attom Data Solutions, which combines sales of single-family homes, townhouses and condos. The median has been unchanged for five months and flat annually.
At least one reason the home price has changed very little: Home sales have stayed at historic lows all year. There were 2,357 home sales throughout the county in July, the third-lowest for that month going back 37 years, using Attom and Cotality data that starts in 1988. The slowest July was fairly recently, in 2023, when there were 2,307 sales.
San Diego is not alone in a sluggish real estate market, with experts pointing to higher mortgage rates combined with elevated prices