The San Diego County housing market is positioned to finish 2017 with near-record prices.
- The county median home price has increased 9.1 percent in a year
- November’s median price of $540,000 was the second-highest of the year
- Real estate agents say buyers are paying more as inventory stays low
San Diego County housing prices: Here’s the full story
In November, the median home price in San Diego County reached $540,000, its second-highest of the year, said real estate tracker CoreLogic. The highest all-time median of $545,000 was in June.
Led by significant price increases in the resale single-family home market, the county’s median home price has increased 9.1 percent in a year.
November’s numbers buck the trend of decreasing or stable prices around the end of the year. Real estate agents say a big reason for the increase this season was a continued lack of homes for sale, based on historic averages, and buyers willing to pay more to get a home.
“A lot of buyers have held out for more inventory coming on the market. They’ve waited and that’s not happening,” said Jan Ryan, a Re/Max agent based in Ramona. “They’ve gotten to the point of realizing it’s not getting any better.”
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Green Real Estate Appraiser 