San Diego median home price at $585k, up 8% in a year

San Diego County’s median home price started the year at $585,000, up slightly from the previous month and pushing toward record territory.

Home prices in January were up 7.9 percent annually, said CoreLogic data provided by DQNews. The median was down from the peak reached in November of $594,909.

The same factors that have pushed up national and local home prices the past few months — shrinking number of homes for sale, low interest rates and job demand — are expected to continue to put upward pressure on prices.

Mark Goldman, a real estate analyst with C2 Financial Corp., said one of the biggest factors driving sales are lower interest rates.

read more at:  https://www.sandiegouniontribune.com/business/real-estate/story/2020-02-24/san-diego-home-price

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