San Diego: Home Prices Rise at a Normal Rate

The pace of home price appreciation in San Diego County fell to a level near its historical average in September, as the housing market continued its return to normalcy after last year’s investor-led run-up in prices.

In September, the median price for a home sold in the county was $445,000, up 5.5 percent from a year earlier, DataQuick reported Monday. Since the real-estate tracker began collecting the data in 1988, San Diego County has averaged an annual home-price gain of 5.2 percent.

In August, when annual appreciation was 8.1 percent, the median home price was $448,500.

Read more at: http://www.utsandiego.com/news/2014/oct/13/dataquick-september-homes-sold-realestate-median/

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