"The median list price came in at $834,440 - down 6.3% from a year ago, compared to just a 2.1% national decline. That's more than double the U.S. median of $403,450."
"Active inventory rose 6.8% year over year to 1,553 homes - but new listings actually fell 6.9%, dropping to just 924. The modest inventory gain wasn't fresh supply entering the market - it was older listings lingering longer."
"Sellers adjusted their opening asks, but mid-listing desperation was rare. For buyers, the year-over-year drop is a real shift - even if $834,440 is still a formidable number."
"Homes sat longer, but still moved twice as fast as the national average, indicating a competitive market despite the changes."
San Diego's housing market experienced a slight shift in February, with a median list price of $834,440, making it one of the priciest markets in the country. Inventory increased by 6.8% year over year, but new listings fell by 6.9%. While prices softened by 6.3% compared to last year, only 13.6% of homes saw price cuts. Homes took longer to sell, yet they still moved twice as fast as the national average, indicating a competitive market despite the changes.
Read at SFGATE
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