San Diego County Median Home Price Up By 6.4%

Home prices across Southern California continued to increase in May but the pace at which they went up appeared sluggish, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

San Diego County’s median home price, adjusted for seasonal swings, increased 6.4 percent in the last 12 months, while Los Angeles and Orange Counties increased 5.4 percent …

National home prices increased 5 percent — unchanged from last month …

The rate at which prices in San Diego are increasing has been mostly flat or decreasing since the start of the year. The median price year-over-year was up 6.9 percent in January, 6.4 percent in February, 6.2 percent in March and 6.3 percent in April.

The median home price in San Diego County hit $495,000 in June, CoreLogic reported last week.

David Blitzer, managing chairman of the Index Committee at S&P Dow Jones Indices, said in May’s report that the housing market was strong, in part because sales of existing homes reached the highest monthly level since 2007.   Read more –>   http://www.sandiegouniontribune.com/news/2016/jul/26/home-price-socal-may/

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