The metro area ranked seventh nationally and was California's only market with annual price growth, while the national gain was 0.67% and 12 of 19 tracked metros fell.
San Diego's single-family median price was $1 million in February, with about 5,180 homes listed, roughly flat from a year earlier but above 2024 and 2023 inventory levels.
Analysts said inflation outpaced national home-price gains for a ninth month, while lower mortgage rates than last spring may aid buyers, though demand hinges on consumer confidence and geopolitical uncertainty.
With sales at a 35-year low, what could break the 'lock-in effect' propping up San Diego's record-high home prices?
As thousands flee California's high costs, why is San Diego's housing market the only one in the state still growing?