Believe it or not, summer is over, and fall is here. It has been a hot, dry summer, so I’m waiting for temperatures to drop, so I can spend more time in the garden.
Over the summer, Escondido set an all-time high for July sales. Detached homes had a median sales price of $1,044,000, which beat the previous record of $1,040,000, set in June 2024.
During the month of August, no new sales records were set. You can see in the graphs below that prices have remained steady throughout 2024 and 2025.
So what about inventory? At the end of July, the number of homes available on the market peaked. Two months later, the inventory has dropped by 12%. In the charts below, you can see how inventory has gone up and down for the past couple of years.
Listings are taking longer to sell: Days on Market has increased substantially this year. Today, you can expect a property to stay listed for about a month before opening escrow with an accepted offer. This is a huge increase from previous years, when most homes sold within a week.
Here are August 2025 median detached home sales prices, with inventory numbers as of September :
Carlsbad – $1,875,000
Last all-time high: $1,972,500 – June 2025
Encinitas/Cardiff-by-the-Sea – $2,188,833
All-time high: $3,100,000 – September 2023
San Marcos – $1,140,000
Last all-time high: $1,340,000 – April 2025
Vista – $985,000
All-time high: $1,008,500 – June 2025
Oceanside – $925,466
Last record: $1,031,000 – December 2024
Escondido – $1,019,950
Last all-time high: $1,044,000 – July 2025
Interest Rates and the September Fed Rate Drop
People often talk about the federal funds rate with mortgage interest rates. Whenever there’s a decrease, people think that mortgage rates are about to drop. As we have seen in the past, it doesn’t work that way. People mistakenly tie the overnight funds rate with long-term mortgage rates.
On September 17, the Federal Reserve cut the federal funds rate by .25%. As usual, news outlets predicted that mortgage rates would go down. As always, they didn’t – and they continue to hover between 6-6.5%.
More than ever, your credit score makes a huge difference. If you’re considering buying or refinancing, start with a credit check, to make sure you can secure the best rate possible.
If you own a home, it’s probably worth more than you think. Contact me for a free personalized home valuation, or if you have any other real estate questions. I’m always happy to hear from you!
