Home sales up less than 1 percentage point from 2025 levels
Home sales have increased less than 1 percentage point from 2025 levels, despite slightly lower mortgage rates and solid wage growth.
Mortgage rates spent most of the spring around 6.5%, discouraging buyers and sellers.
The median list price for a home in the San Diego metro area is nearly $1 million, with small increases in mortgage rates significantly affecting monthly payments, such as an extra $500 a month.