San Diego -January Home Prices Dip

Home prices took their usual dip in January but San Diego County’s median is still nearly 7 percent higher than it was last year at this time, real estate firm CoreLogic reported Tuesday.

The median home price hit $462,750 last month, CoreLogic said. From December to January, county home prices dropped 2.6 percent.

Sales were down in all categories. There were 2,216 resale home sales in December and just 1,480 in January. Condo sales were down 35 percent and newly built homes were down 49 percent.

December and January sales are always slow down because sellers take homes off the market for the holidays. In January 2015, sales dipped 1.6 percent from December. In January 2014, sales dropped 3.7 percent from the previous month.

read more at: http://www.sandiegouniontribune.com/news/2016/feb/16/corelogic-home-sales-jan/

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