Single-Family Homes Selling for 17 Percent More Than a Year Ago, According to New Statistics from the Greater San Diego Association of REALTORS®
SAN DIEGO - (BUSINESS WIRE) - The most recent local housing statistics - released today by the Greater San Diego Association of REALTORS (SDAR) - show median prices of resale properties continue to climb.
The median price of single-family (detached) homes in San Diego County was $408,000 in November 2012, up 2 percent from the previous month and 17 percent higher than November 2011. November resales of condos and townhomes (attached properties) were even stronger, up 6 percent from October and 27 percent higher than November 2011. Year to date, median prices of all existing properties are up 6 percent compared to 2011.
The number of sales of existing homes drooped in November as inventory remains at historic lows. Single-family home sales were down 13 percent from the previous month, and condos/townhomes sales were down 5 percent. However, the number of resales rose compared to a year ago, and year to date they are up 12 percent compared to 2011.
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