The San Diego housing market is experiencing significant growth, with average home values currently at $1,028,191, a 10.3% increase over the past year. Homes are selling quickly, averaging just 13 days on the market. While a slight decline in prices is expected by the end of 2024, a rebound of about 0.6% is forecasted for July 2025. Key drivers include a thriving economy, job growth, and low housing inventory. Despite rising mortgage rates and affordability concerns, demand remains strong, with projections suggesting home values could reach $1.5 million by the end of 2025.
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