• The active listing inventory increased by 48 homes in the past two weeks, up 1%, and now totals 4,228, its second-lowest level since tracking began in 2012 behind two weeks ago. COVID-19 is not suppressing the inventory, but from March through June, 23% fewer homes were placed on the market compared to 2019, or 4,612 missing FOR-SALE signs. Last year, there were 7,251 homes on the market, 3,023 more than today, or an extra 69%.
• Demand, the number of pending sales over the prior month, increased by 63 pending sales in the past two weeks, up 2%, and now totals 4,068, its highest level since May 2016. COVID-19 currently has no effect on demand. Last year, there were 3,156 pending sales, 22% fewer than today.
• The Expected Market Time for all of San Diego County remained unchanged at 31 days, a Hot Seller’s Market (less than 60 days). It was at 69 days last year, much slower than today.
• For homes priced below $750,000, the market is a Hot Seller’s Market (less than 60-days) with an expected market time of 23 days. This range represents 49% of the active inventory and 65% of demand.
• For homes priced between $750,000 and $1 million, the expected market time is 26 days, a Hot Seller’s Market. This range represents 1514 of the active inventory and 17% of demand.
• For homes priced between $1 million to $1.25 million, the expected market time is 38 days, a Hot Seller’s Market. This range represents 6% of the active inventory and 5% of demand.
• For luxury homes priced between $1.25 million and $1.5 million, in the past two weeks, the Expected Market Time remained unchanged at 42 days. For homes priced between $1.5 million and $2 million, the Expected Market Time increased from 58 to 60 days. For luxury homes priced between $2 million and $4 million, the Expected Market Time decreased from 94 to 92 days. For luxury homes priced above $4 million, the Expected Market Time decreased from 345 to 302 days.
• The luxury end, all homes above $1.25 million, accounts for 30% of the inventory and only 13% of demand.
• Distressed homes, both short sales and foreclosures combined, made up only 0.4% of all listings and 0.7% of demand. There are only 10 foreclosures and 7 short sales available to purchase today in all of San Diego County, 17 total distressed homes on the active market, up 1 in the past two weeks. Last year there were 40 total distressed homes on the market, more than today.

• There were 3,803 closed residential resales in July, 12% more than July 2019 when there were 3,395 closed sales. July marked a 22% increase over June 2020. The sales to list price ratio was 98% for all of San Diego County. Foreclosures accounted for just 0.4% of all closed sales, and 0.5% of all sales were short sales. That means that 99.1% of all sales were good ol’ fashioned sellers with equity.