San Diego Real Estate – San Diego Homes for sale

San Diego Real Estate – San Diego Homes for sale

SAN DIEGO REAL ESTATE MARKET, CALIFORNIA
JANUARY-APRIL, 2006 PERFORMANCE

Now that the Memorial Day parties have finished and the summer home buying season has begun, this is a good time to look at the performance of the San Diego Real Estate Market. This analysis focuses on the period beginning January 1, 2006 through April 30, 2006.

Perhaps the best place to begin is to look at the number of homes sold for each of these four months.

In January of 2006, 1,115 homes sold in San Diego County versus 1,523 homes January 2005. This represents a 26.8% drop in sales. In February of 2006, 1,140 homes sold in the County, compared to 1,491 in February 2005, which represents a 23.5% decrease. In March 2006, 1802 homes sold, compared to 2,191 in March 2005, which represents a 17.8% decrease. In May of 2006, 1604 homes sold, compared to 2409 in April 2005, which represents a 33.4% drop. So the market has clearly turned now from a sellers market, to more of a balanced or buyer-friendly market.

Just as interesting is the change in the time it takes to sell a home. In January of 2005, on...