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Home prices up, sales down in San Diego County

Home prices up, sales down in San Diego County
Posted at 2:02 PM, May 23, 2017
and last updated 2017-05-23 17:02:02-04

SAN DIEGO (KGTV)--The median price of a home is up in San Diego County, while the number of homes sold is falling, according to real estate information service CoreLogic.

The median price of a San Diego County home was $525,000 in April, compared to $489,000 in April 2016.

A total of 3,618 homes were sold in the county last month, down from 3,980 during the same month last year.

"At first glance, Southern California's April 2017 home sales seem a bit underwhelming, especially after a strong start to the homebuying season this March when sales hit a decade-high for that month," said Andrew LePage, research analyst with CoreLogic. "However, compared with this April, March 2017 had three more business days and April 2016 had one more business day on which deals could be recorded. When measured by the average number of transactions recorded daily, last month's sales were roughly the same as in March 2017 and April 2016."