SD County home median price under $500k

The San Diego County median home price was $495,000 in January, unchanged for three months, CoreLogic said.

In October, the median hit $507,500 — its highest point in a decade — but has remained under half a million dollars since and pushed the nominal 2005 peak of $517,500 (or $644,487 in 2016 dollars) further out of reach.

January is typically the slowest month of the year, a lingering effect of buyers and sellers closing up shop for the holidays. There were 2,480 sales this January, up 4.6 percent from the same time last year.

Alan Gin, economist at University of San Diego, said a reason for the unmoved median home price could be rising interest rates since Donald Trump’s election victory and high prices.

read more at: http://www.sandiegouniontribune.com/business/real-estate/sd-fi-corelogic-jan-20170227-story.html

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