For sale signs in California. Photo from Wikimedia Commons.
For sale signs in California. Photo from Wikimedia Commons.

Despite slower home sales locally, the San Diego area still has one of the lowest inventories of unsold home in the United States, the real estate services firm RE/MAX reported Thursday.

While there was a 4.1 month supply of homes nationwide, San Diego had only 2.6 months of unsold homes in June.

RE/MAX surveyed the 52 largest metro areas in the United States. Only seven other metro areas had a lower supply of unsold homes than San Diego, and only one of those, San Francisco, was in California.

San Diego was one of eight metro areas reporting double-digit increases in the median sales price, with a rise of 11 percent rise from last June .

RE/MAX is a leading providor of real estate brokerage services. The RE/MAX network includes some 94,000 agents in 95 countries.

Chris Jennewein

Chris Jennewein is Editor & Publisher of Times of San Diego.