A new report from the California Association of Realtors highlights recent shifts in home prices across the state, with San Diego seeing notable changes. However, buyers are holding out on purchasing as the market sees a balance.
New Report Reveals a Slight Decline in Home Prices in San Diego
San Diego’s real estate market has been shifting since the pandemic, with prices rising and falling across neighborhoods. As prices go up and down, the city’s home prices have witnessed a decline. But prices are still holding above $1 million, slightly higher than last year.
A report by the California Association of Realtors announced that home prices have declined in San Diego County. The sales have increased in August, but are still lower when compared to a year ago. While the dip may feel like a short-term cooldown, year-over-year sales suggest that overall demand remains soft.
Last year, the median sale price of an existing, single-family home was $1.01 million in August. This year, however, the price has increased to $1.02 million in August. Although prices are up slightly from last August, they have dipped from July’s peak of $1.04 million. The median sale price of these homes in San Diego was $1.04 million in July 2025.
The recent price dip may encourage buyers to wait for a larger decline, though market movements could still go either direction.
San Diego Market Softens as Inventory Grows
Compared to last year, buyers in San Diego now have more options and time to shop, as homes are staying on the market longer and the market softens.
San Diego’s housing market appears steadier, with inventory loosening slightly and buyers watching closely for potential drops in mortgage rates.
