18 Feb Report: median home sales in San Diego rise
The prices of homes for sale in San Diego dipped last month, but median sale prices roared back, increasing 7 percent over the last year, in a strong kick off to the year, according to a new report by CoreLogic released this week.
The median home price in San Diego County hit $462,750 in January. Countywide, home prices dropped 2.6 percent from December to January. Despite the higher median home prices, San Diego home sales remained down across all categories. There were 2,215 resale home sales in December and that number fell to 1,480 in January. Condo sales fell 35 percent and newly-built homes fell 49 percent during that time, CoreLogic data found.
Typically, December and January sales are slower because of the holidays. Sales dipped 1.6 percent from December 2014 to January 2015. The year before, sales dropped 3.7 percent during the same time period.