The San Diego Association of Realtors

March 2014 Monthly Indicators  

               Highlights from the SDAR Report Include

• New Listings increased 2.6 percent to 4,476.
• Pending Sales were down 3.3 percent to 3,449.
• Inventory shrank 12.2 percent to 7,753 units.
• The Median Sales Price increased 13.9 percent to $427,250.
• Days on Market was down 16.7 percent to 50 days.
• Absorption Rates improved as Months Supply of Inventory was down 10.7 percent to 2.5 months.

The increased inventory will be a welcome sign for home buyers.  Inventory levels are still suffering the effects from a very slow first quarter 2014.  We are still seeing areas with multiple bids, while other neighborhoods are still struggling to find the right

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