Housing Market Sends Mixed Signals; North County Inventory Surges 24%
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San Diego County's housing market is offering contradictory readings depending on the data source. Figures from Redfin show the county's median sale price over the three months ending in May at $954,000, down 3.0% year-over-year, with median price per square foot also falling 3.7% to $687. A separate analysis using May data from the local MLS, however, places the countywide median at $925,000 — essentially flat compared to two years ago.
The most striking trend is geographic divergence in inventory. Active listings are down 12.4% year-over-year countywide, yet North County San Diego is reporting active inventory up roughly 24% year-over-year — the most that area has seen in years. The North County median stood at $1,029,990 in May, slightly below both April 2026 and May 2024 levels, suggesting buyer resistance may be more pronounced in higher-priced submarkets.
Financing conditions are improving modestly: thirty-year fixed mortgage rates are currently in the low-to-mid 6% range, down nearly half a point from a year ago. Homes are taking approximately 33 days to sell countywide, though well-priced properties in premium submarkets are still moving in under two weeks.
In East County business news, the Heritage Steakhouse has named an executive chef ahead of its planned opening in Santee. San Diego County offices, family resource centers, library branches, and animal shelters will be closed Thursday, June 19th, for the Juneteenth holiday.