Annual San Diego home sales hit a four-year low in September, Fidelity Pacific Real Estate said Monday. Sales declined 4.6% year-over-year for the month and were also down 5% from August. That’s somewhat typical of a slowed demand moving into winter, though a larger increase than expected according to the report. Home prices continued to decline, down 4.5% year-over-year. Distress sales, which include foreclosures and short sales, made up about 44% of total sales in the area, and will likely cause prices to remain stagnant. Housing inventory declined 9%, also relatively normal for the season, though this could be attributed to homeowners reacting to current price trends. Distress sales make up about 35% of active inventory. Southern California home sales went up a slight 0.3% year-over-year in September, according to a report Thursday from DataQuick. Write to Andrew Scoggin. Follow him on Twitter @ascoggin.
Reporter at HousingWire through 2012.see full bio
Most Popular Articles
Michigan’s Whitmer steps up, signs single-stair reform into law
Gov. Gretchen Whitmer took a big step toward clearing the path for developers to build smaller apartment buildings more affordably. Whitmer signed Michigan’s single-stair legislation into law this week, a green light for developers to build multifamily housing up to six stories more economically, with a single interior exit stairway. Michigan housing advocates say the […]
Jul 22, 2026
-
New York outflows reshape housing demand in Texas and Florida
Jul 24, 2026 -
Don’t fall for a fake foreclosure crisis
Jul 24, 2026 -
Home sales are positive but higher rates slowing demand
Jul 25, 2026 -
Why homebuilders aren’t building more homes
Jul 24, 2026 -
Mortgage servicers face higher costs from transfers and regulation
Jul 27, 2026
Latest Articles
Bright MLS hires Steve Mapes as EVP of growth and strategy
Bright MLS hires Steve Mapes as EVP of growth and strategy, tasking him with footprint expansion plus revenue and partnerships.
-
Mortgage rates move closer to 7%, but housing demand holds up ahead of Fed meeting
-
Newrez posts strong Q2 profit, eyes $65B in originations for 2026
-
The Fed hawks are winning even without a rate hike
-
How Honolulu leveraged AI to cut permit review times in half
-
Case-Shiller home prices rise 1.1% in May, still lag inflation
Reporter at HousingWire through 2012.see full bio