San Diego's population is 3.3M, with a total workforce of 1.5M. The labor market grew by 28,700 jobs over the past year, up by 2.0%. The median household income in San Diego is $72,797, 2.8% higher than last year and 18.6% above the national average of $61,372. In the housing market, total permits issued totaled 11,546 over the last twelve months, up 23.2% year-over-year.
San Diego has 132 active new home projects on the market, 14.8% more than the 115 from last year. The average list price in the market is $795,256, 5.5% lower than last year and 148.5% above the national average. Over the last three months, new home contracts decreased by 23.4% to 750. San Diego and Chula Vista had the highest concentration of the new home contracts in the San Diego market.