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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San Diego’s home price dropped for the first time this year as rising mortgage rates slowed seeimingly unstoppable gains.
June’s median home price in San Diego was $825,000, down from the all-time high of $850,000 reached the previous month.
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