San Diego Market Watch - Real Estate Update For November 20, 2025

San Diego County home inventory continues to drop as new listings plummet ahead of the Thanksgiving holiday. Stick around for a couple of minutes and I'll talk about what's going on in San Diego County real estate this week. Hello and welcome to everybody's favorite San Diego County real estate information program, San Diego Market Watch. Thank you for tuning in. If you're new to this program, to this channel, please give us a like and consider subscribing so you don't miss any of these weekly updates. Let's jump right into the major metrics in the San Diego County real estate market this week. New listings dropped to almost 5,400, which is down from nearly 7,000 listings just a few weeks ago. New listings really took a sharp dive this week. People are generally not putting their homes on the market ahead of the Thanksgiving holiday. So that is probably most of the reason for that. Also, just this time of year, not as many new listings, but they really did drop sharply from last week. Pending sales have been declining over the last several weeks. And we're kind of waiting to see where that plateaus out. We had been at right around 450 pendings every single week for a very long time. And if you average it out over the last three years or so, pending sales have been very steady. Now we see new listings and pending sales trending closer together right now. You know, if new listings drop enough or if pending sales rise enough, we will see these lines intersecting again, which they have not done for a long time. However, right now, new listings are really down. Pending sales, again, trending down, but not as sharply as new listings. So really an opportunity here in the next few weeks, if you are somebody who really, really needs to sell a home and wants to do so without nearly the competition and marketing to only the most serious buyers, because only serious buyers are out looking at homes right now. Looking at price reductions over the last seven days, that is down yet again, just over 6.5% of the active inventory, reducing price in the last week. And of course, as reported in our month over month update, very recently, median price has declined really three months in a row, but more sharply over the last two months, nearly 3% down overall over the last three months. Looking at interest rates, those ticked up just a bit. However, we are hovering in the low sixes for the last several weeks here, and there doesn't really seem to be any real relief in sight. The best I think we can hope for right now is to wind up 2025 in the low 6%, and that will at least mean that rates have been stable for quite some time. We were way up over 7% toward the beginning of 2025, so we have seen a decrease in rates overall, and that's hopefully going to remain steady and declining over the next few weeks and months. And that's what's happening in the San Diego County real estate market this week. As always, please remember to like and share, comment if you have a question or a comment, and if you wanna talk to us offline about buying or selling anywhere in San Diego County, send us a message, give us a call. We're always happy to talk. We will be back with more great real estate information for you next week. We're gonna do our Friday live show tomorrow if you wanna tune into that. But until then, have a great day, and we will see you right back here.