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December 2022 Market Update

market update

Interest Rates

This week, conforming and jumbo rates are back to the low 6’s (remember condos, lower FICO scores, etc. will be in the mid 6’s). Government backed
mortgages are in the mid 5’s.

Median Home Price

San Diego’s median home price is currently $753,500. 

Days on Market

San Diego County homes are on the market an average of 21 days this month.

Active Listings

There are currently 4,127 homes on the market, up from 2,253 in January of this year.

Take Away

Owning a home is still one of the best investments you could make.