San Diego home prices rise smaller than national average

San Diego County home prices reached their second-highest peak for 2015 in December, real estate data firm CoreLogic reported Tuesday.

The median home price rose 8 percent in the last 12 months to $475,000, CoreLogic said. The month-to-month increase was 1.5 percent.

The median home price for December also happened to be the second-highest since August 2007 when the median price was also $475,000. The median was $476,000 in June 2015.

Sales were also up. In December, 2,210 resale homes were sold — up 163 from the year before. There were 1,107 resale condo sales and 344 newly built homes sold.

A large spike in December sales is rare, and why it happened is open to debate.

read more at: http://www.sandiegouniontribune.com/news/2016/jan/18/december-sales-up-corelogic/

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