San Diego: Median Home Price In September Dips

San Diego County home prices dipped slightly in September, continuing a modest decline since June, CoreLogic reported Monday.

The median home price was $460,000, down 1 percent from last month, but $15,000 more than this time last year.

The change reflects the typical drop in sales between August and September in the robust sellers’ market. On average since 2000, sales between those two months have dropped 0.5 percent and it is usually attributed to buyers wanting to get in a home before school starts.

There were 3,633 home sales in September with the majority — 2,238 — coming from home resales. A lack of newly built homes has increased rental prices as buyers go for older homes typically used for rentals experts say.

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