San Diego County home prices in October did not increase from the previous month for the first time since May.
The median home price for all homes — single-family, condos, townhouses — was $650,000, unchanged from last month, said CoreLogic data provided by DQNews on Wednesday. The price is still up a substantial 13 percent in a year, but marked a rare slowdown in price appreciation that has defied expectations throughout the pandemic.
Many of the circumstances that experts say have driven up prices across the nation are still present: Record low mortgage rates, lack of home inventory and desire to own a home as many people are stuck working outside offices.
read more at: https://www.sandiegouniontribune.com/business/real-estate/story/2020-11-18/san-diego-home-price-gains-stall
