San Diego home sales jumped in September

Home sales in San Diego County jumped 14.7 percent in September from the same time last year, which analysts largely attribute to a drop in mortgage rates.

There were 3,393 sales in September, said CoreLogic data provided by DQNews, up from 2,959 in September 2018.

At the same time, home prices dipped slightly. The median home price was $570,000 in September, down from $575,000 at the same time last year. It marks the second consecutive month of declining prices.

The median home price includes several home types. Here is how they fared in September:

  • Resale single-family: Median of $615,000, down from the peak of $649,500 reached in June. There were 2,216 sales, up 16.4 percent from the same time last year.
  • Resale condo: Median of $423,000, down from a peak of $440,000 in August. There were 991 sales, up 12.7 percent from September 2018.
  • Newly built: Median of $622,750, down from a median of $812,500 in October 2018. There were 290 sales, up 9 percent from the same time last year.

 

read more: https://www.sandiegouniontribune.com/business/real-estate/story/2019-10-30/san-diego-county-median-home-price

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