February 2014 is a Seller's market in San Diego County! The number of for sale listings was up 38.4% from one year earlier and up 2.3% from previous month. The number of sold listings decreased 16.3% year over year and increased 1.2% month over month. The number of under contract listings was up
16.5% comparing to previous month and up 0.1% comparing to previous year. The Months of Inventory based on Closed Sales is 2.9, up 65.3% from previous year.
The Average Sold Price per Square Footage was down 3.1% comparing to previous month and up 18.8% comparing to last year. The Median Sold Price increased by 2% from last month. The Average Sold Price also decreased by 4.9% from last month. Based on the 6 month trend, the Average Sold Price trend is "Depreciating" and the Median Sold Price trend is "Neutral".
The Average Days on Market showed a neutral trend, a decrease of 23.9% comparing to previous year. The ratio of Sold Price vs. Original List Price is 94%, a decrease of 2.1% comparing to previous year.
