San Diego County’s median home price stalls for 1st time since May

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

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