San Diego County’s median home price fell for the first time this year in August.
The median home price fell to $889,500, down 1.2% from the previous month, according to Attom Data Solutions, which combines sales of single-family homes, townhouses and condos. Despite sluggish sales and affordability issues, San Diego’s home prices have been unchanged, or rising, throughout much of the year.
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Sales are down 9% year-over-year in San Diego County. Median home price remains unchanged.
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For the first time in almost two years, San Diego home prices didn’t increase.
The median home price in San Diego County was $900,000 in April, flat year-over-year, said Attom Data Solutions. The last time the median, a combination of all closed sales of single-family houses, townhouses and condos, didn’t go up was May 2023 when prices were down 1.64%.
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San Diego home prices were up slightly in March but at a pace new homeowners might not be thrilled with. In a normal market, more homes listed for sale equal more transactions. That’s not happening in San Diego right now.
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It was the worst sales month for a June in records going back to 1988
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San Diego County’s median price for a resale single-family home hit a milestone in May
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Lack of inventory and affordability constraints made for a historic drop in San Diego County home sales
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San Diego County home proces in April rose for a second month after nine months of declines – and it is happening with very few sales.
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Loan Officer from C2 Financial Group, Mark Goldman discussed how the Fed raising rates impacts mortgage rates and if now is a good time to buy a home.
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If you bought a San Diego home one year ago, there’s a chance it’s now worth less than what you paid.
San Diego County’s median home price was $750,000 in February, said CoreLogic data released Wednesday, down 2.6 percent from the same time last year. It’s the first time in more than three years that the annual price went down. It also marked the ninth month in a row of price declines.
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