San Diego home sales nosedive, median price drops

There were 2,101 home sales in San Diego County in September, one of the lowest ever recorded. Price was also down

San Diego home sales in September hit one of the lowest levels ever as mortgage rates continue to affect buyers. There were 2,101 home sales last month, according to CoreLogic data released Tuesday, the lowest ever recorded for a September in records dating to 1988. It wasn't just low for September — usually a big sales month — but the eighth-lowest sales month ever recorded with a 20 percent drop from August.

7 in September, up from 11 to 12 at the start of the summer. It isn't just San Diego that is seeing more listings, but nationwide listings are inching up despite rising interest rates slowing sales. A Redfin study said new listings rose 0.3 percent from a year earlier during the four weeks ending Oct. 22. While the increase is minor, it's the first uptick since July 2022.

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