03May
By: Ryan Ponce On: May 3, 2024 In: Downtown San Diego, Market Update Comments: 0

May 2024 Housing Market – Downtown San Diego Condo Market

In April, we saw a +16% increase in the number of active listings, going from 155 to 180 available properties. This increase of 25 properties is due to the substantial increase in new listings without seeing the same increase in the number of sales. We are still at 46 sales in April, which is the same amount we saw in March. All four months in 2024, Downtown San Diego has only seen between 43-46 sales per month. With this increase in active listings and the stagnant sales numbers, Downtown’s inventory has been steadily rising but still remains just under a 4 month supply.

The average list to sales price percentage is still at 98.2%, which is relatively high for Downtown San Diego. I use this as a gauge to see how much negotiating is occurring in the market place. If there is a larger discrepancy between the list and sales price, it typically means less buyers were competing.  I use this number as a rough scale to see which side, buyers or sellers, seem to be holding more negotiating power. Obviously, each home is different and there will be some highly desirable residences and some that are much less desirable.

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Average Vs. Median Price Per Square Foot

  • Average Price Per Square Foot ($)
  • Median Price Per Square Foot ($)

Average Vs. Median Sales Price in 92101

  • Average Sales Price
  • Median Sales Price

Average Vs. Median Active Market Time

  • Average Active Market Time
  • Median Active Market Time

Average List to Sales Price (%)

  • Average List to Sales (%)

Months Supply of Inventory Actual

# Active Listings / # Sales That Month

Number of Sales

New Listings

Active Listings

Pending Listings

Sales Volume ($) in the Millions

*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on May 1st, 2024.

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Give me a call today at (619) 228-6790 or email me at Ryan@livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!