San Diego – Home Prices Decline Slightly

Home prices retreated slightly last month in San Diego County, but the median was still 3.5 percent higher than it was in February last year, real estate firm CoreLogic reported Wednesday.

The median home price was $455,000 in February, down 1.7 percent from January. The resale condo market took the biggest dip from $360,000 to $350,000.

The number of sales was up significantly from the typically sluggish January. CoreLogic recorded 2,648 home sales last month, up 11.7 percent from the month before and 2 percent from February 2015.

San Diego had the biggest month-over-month decline in the median home price of the six Southern California counties. Orange County came close, dropping 1.5 percent.

Andrew LePage, a CoreLogic research analyst, said dips in prices for January or February should be taken with with a grain of salt because those are the slowest months for sales.

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