San Diego Real Estate Rebalancing Summer 2025

San Diego is moving toward a more balanced market

The July 2025 housing market numbers for San Diego County highlight a market in transition, with diverging trends between detached (single-family) homes and attached properties (condos/townhomes). While detached homes held steady with price growth despite slower sales, attached homes saw price declines, longer market times, and swelling inventory. Here’s a full breakdown of what the data reveals and what it means for buyers and sellers. 

📊 Market Overview

  • Closed Sales (All Properties): Down 10.2% year-over-year.

  • Median Sales Price (All Properties): Essentially flat, up just 0.2% to $916,500.

  • Inventory: Total homes for sale surged 28.7% compared to July 2024.

  • Months of Supply: Climbed to 3.4 months, a 25.9% increase, signaling more balance between buyers and sellers.

  • Days on Market: Homes now take an average of 38 days to sell, up from 29 days last year.

  • Percent of Original Price Received: Dropped to 97.4%, indicating more negotiation room for buyers. 

🏡 Detached Homes (Single-Family)

Detached homes remained relatively resilient, with prices up but buyer activity slowing.

  • Median Sales Price: Rose 4.7% year-over-year to $1,099,000.

  • Average Sales Price: Up 1.8% to $1,417,843.

  • Closed Sales: Fell 10.0% to 1,303 transactions.

  • Pending Sales: Inched up 2.2%, suggesting some stabilization in demand.

  • Inventory: Rose 22.8% to 3,808 active listings.

  • Months of Supply: Increased to 3.1 months (up 19.2%).

  • Days on Market: Jumped from 28 days → 36 days (+28.6%).

  • Percent of Original Price Received: Down from 99.0% → 97.4%. 

Takeaway: Single-family homes continue to hold their value, but the market is slowing. Sellers can still achieve strong prices if they price strategically, but buyers now have more leverage than in recent years.

Median Sales Price San Diego Homes and Condos 2025 Summer

🏢 Attached Homes (Condos & Townhomes)

The attached market softened more noticeably, with prices and sales both declining.

  • Median Sales Price: Dropped 7.1% to $650,000.

  • Average Sales Price: Down 3.4% to $800,489.

  • Closed Sales: Fell 10.7% year-over-year to 676 units.

  • Pending Sales: Down 5.0% to 744 contracts signed.

  • Inventory: Surged 38.1% to 2,677 active listings.

  • Months of Supply: Climbed to 4.0 months (up 37.9%).

  • Days on Market: Extended from 30 days → 42 days (+40%).

  • Percent of Original Price Received: Fell to 97.3%. 

Takeaway: The condo/townhome segment is shifting toward a buyer’s market, with more selection, slower absorption, and declining prices.

💰 Sales Volume & Market Dynamics

  • Dollar Volume of Sales: Down sharply, with detached sales volume at $1.78B (-11.7%) and attached at $524M (-16.6%).

  • Overall Market Dollar Volume: Fell 12.9% year-over-year. 

This illustrates not just fewer sales, but also that buyers are negotiating harder and sellers are adjusting expectations.

🏠 Housing Affordability

  • Detached Homes: Affordability index slipped to 25, down 3.8% from last year.

  • Attached Homes: Improved slightly to 42, up 7.7%, thanks to lower price points.

🔑 What This Means for Buyers & Sellers

For Sellers

  • Detached homeowners can still secure strong pricing but must price competitively to avoid extended market times.

  • Condo sellers should prepare for longer negotiations and possibly offer incentives such as rate buydowns or repair credits.

For Buyers

  • Buyers now have more leverage with longer market times and more listings to choose from.

  • The condo market in particular offers opportunities to negotiate below list price.

  • Detached home buyers should still expect competition for move-in ready homes in desirable neighborhoods, but bidding wars have eased.

📌 The Bottom Line

The San Diego housing market in July 2025 reflects a cooling trend, with detached homes maintaining value but selling slower, while condos/townhomes soften under rising supply. Buyers are gaining ground, and sellers must adjust expectations compared to the red-hot market of the past few years.

San Diego is moving toward a more balanced market—good news for buyers who have been waiting for more opportunities, and a reminder to sellers that pricing and presentation matter more than ever.

San Diego Real Estate