More San Diego homes on the market in 2025

• The active listing inventory in the past couple of weeks soared by 208 homes, up 5%, and now sits at 4,126, its highest level for mid-February since 2020. For January, 3,471 new sellers entered the market in San Diego County, 867 fewer than the 3-year average before COVID (2017 to 2019), 20% less. Last January, there were 2,745 new sellers, 21% fewer than this year. Last year, there were 2,569 homes on the market, 1,557 fewer homes, or 38% less. The 3-year average before COVID (2017 to 2019) was 5,469, or 33% extra.
   
• Demand, the number of pending sales over the prior month, surged by 234 pending sales in the past two weeks, up 16%, and now totals 1,701, its lowest mid-February reading since tracking began in 2012. Last year, there were 1,788 pending sales, 5% more. The 3-year average before COVID (2017 to 2019) was 3,052, or 79% more.
   
• With demand surging faster than supply, the Expected Market Time, the number of days to sell all San Diego County listings at the current buying pace, decreased from 80 to 73 days in the past couple of weeks, its fastest pace since August. It was 43 days last year, substantially faster than today. The 3-year average before COVID (2017 to 2019) was 55 days, also faster today.
   
• In the past two weeks, the Expected Market Time for homes priced below $750,000 decreased from 78 to 74 days. This range represents 33% of the active inventory and 32% of demand.
   
• The Expected Market Time for homes priced between $750,000 and $1 million decreased from 61 to 56 days. This range represents 22% of the active inventory and 28% of demand.
   
• The Expected Market Time for homes priced between $1 million and $1.25 million decreased from 70 to 59 days. This range represents 10% of the active inventory and 12% of demand.
   
• The Expected Market Time for homes priced between $1.25 million and $1.5 million decreased from 80 to 69 days. This range represents 8% of the active inventory and 9% of demand.
   
• The Expected Market Time for homes priced between $1.5 million and $2 million decreased from 89 to 80 days. This range represents 8% of the active inventory and 8% of demand.
   
• In the past two weeks, the Expected Market Time for homes priced between $2 million and $4 million decreased from 119 to 104 days. For homes priced between $4 million and $6 million, the Expected Market Time decreased from 189 to 144 days. For homes priced above $6 million, the Expected Market Time decreased from 544 to 520 days.
   
• The luxury end, all homes above $2 million, account for 19% of the inventory and 11% of demand.
   
• Distressed homes, both short sales and foreclosures combined, comprised only 0.6% of all listings and 0.2% of demand. Only eight foreclosures and 17 short sales are available today in San Diego County, with 25 total distressed homes on the active market, up three from two weeks ago. Last year, 11 distressed homes were on the market, similar to today.
   
• There were 1,479 closed residential resales in January, up 2% from January 2024’s 1,432 closed sales. January marked an 17% decrease compared to December 2024. The sales-to-list price ratio was 98.5% for all of San Diego County. Foreclosures accounted for 0.2% of all closed sales last month, and short sales accounted for 0.2% of all closed sales. That means that 99.6% of all sales were good ol’ fashioned sellers with equity.