June 2025 San Diego Housing Market Update
- Tristen Campanella
- Jun 16
- 2 min read
The San Diego housing market is sending mixed signals this month. While home prices are up overall, the story changes dramatically depending on where you live.
Here’s a breakdown of the latest numbers and what they mean for you as a buyer or seller in today’s shifting market.
Price Trends Vary By Region
Home prices for single-family homes are up 2.1% year-over-year in San Diego County—but not all areas are moving in the same direction:
East County: +4.1%
Metro San Diego: +4.3%
North County: –1.6%
South County: –6.8%
Clearly, location matters more than ever.
Fewer Sales, More Homes on the Market
Closed sales are down 6.9%
New listings dropped 4.1%
But inventory increased by 8%, from 3,436 to 3,721 homes
This brings us to 2.8 months of inventory—still technically a seller’s market, but with more balance than before
For attached homes (condos and townhomes), we’re seeing:
New listings up 3.3%
Closed sales down 13%
Median price up just 0.4%
Inventory up 30%, now at 4 months of supply
Condos are shifting toward a buyer’s market, with more options and longer days on market.
Mortgage Rates & Buyer Sentiment
As of mid-June 2025, average mortgage rates are around 7.16% for a 30-year fixed loan—up from earlier this year. This increase comes just before a major Fed meeting, keeping buyers cautious.
That said, mortgage applications just jumped 16% according to the Mortgage Bankers Association. Some buyers believe we’ve hit the peak and are locking in purchases now with plans to refinance later.
🔍 What This Means for Buyers
Buyers finally have more leverage. With rising inventory and fewer bidding wars, there’s room to negotiate. If you’re struggling with monthly payments due to rates, explore financing tools like a 2/1 buydown—which reduces your interest rate for the first two years, giving you short-term relief.
You can also ask for seller concessions, such as help with closing costs or rate buydowns, which more sellers are open to now.
What This Means for Sellers
Sellers need to lead with strategy. Homes that are priced well and show well are still moving quickly—especially in high-demand zip codes like Metro and East County.
But overpricing will hurt you. Today’s buyers are cautious and payment-conscious. Offering credits or incentives like buydown assistance can help attract the right buyer.
Want the full breakdown by zip code?
📞 Have questions about your neighborhood or next move?[Book a free 15-minute consultation with me.]
Let’s create a plan that’s aligned with today’s market—and your goals.
