Home Prices Up, Sales Down In San Diego County

SAN DIEGO COUNTY, CA – The median price of a home in San Diego County rose by 4.4 percent in October, compared with the same month a year earlier, while the number of homes sold dipped by 0.3 percent, a real estate information service announced Wednesday.

According to CoreLogic, the median price of a San Diego County home was $529,750 last month, up from $507,500 in October 2016. A total of 3,587 homes were sold in the county, up from 3,597 during the same month the previous year.

A total of 20,735 new and resale houses and condos changed hands in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, according to CoreLogic. That was down 1.6 percent from 21,075 in September and up 3.6 percent from 20,012 in October 2016.

The median price of a Southern California home was $495,000 in October, down 2 percent from $505,000 in September and up 6.5 percent from $465,000 in October 2016.

"Amid a still-tight inventory, Southern California home sales edged up to a five-year October high as the number of homes selling for $500,000 or more rose 14.4 percent year over year, offsetting a nearly 5 percent decline in sub-$500,000 deals," said Andrew LePage, research analyst with CoreLogic.

By City News Service / Image via Shutterstock