January 2025 Market Update

Interest Rates

According to Mortgage News Daily, the current average rates are 7.06% for a Conventional 30 year fixed loan. Since 2022, interest rate volatility, driven by inflation aned economic pressures, has been a constant. This year in particular, has brought unique challenges for you. In addition to navigating a volatile rate environment, there has been difficulty with low inventory. 

Median Home Price

San Diego’s median home price is currently $951,513. 

Days on Market

San Diego County homes are on the market an average of 25 days.

Active Listings

There are currently 4,848 homes on the market.

Take Away

 Home prices in San Diego are projected to continue rising in 2025 driven by a combination of high demand and low supply. The median home pricew is expected to increase by 6-8% year over year. Owning a home is still one of the best investments you could make.