Home prices and the number of sales of residential properties climbed in the region last month, the San Diego Association of Realtors reported Thursday.
The median price tag of a single-family home that changed hands in June was $547,000 — a 4 percent increase over May, and up 5 percent over the same time last year, according to SDAR data.
For attached homes like townhouses and condominiums, the median sales price last month was $354,000 — 2 percent over the previous month, and 6 percent above last year.
The group said 2,385 houses sold in June, 7 percent more than May and 11 percent above the level of June 2014.
The jumps were even higher for condos — the total of 1,178 that changed hands in June represented a 7 percent hike over May and 20 percent above last year, according to the SDAR.
“There’s a lot to smile about when we look at the first half of 2015,” said Chris Anderson, the SDAR board president. “Inventory is probably the only factor reining in the market, and with so few new homes being built, potential sellers only need to look at these statistics to see that buyers are virtually waiting at their doorstep.”
The SDAR said active listings on the Multiple Listing Service have reached the 7,000, but the housing stock remains at about 2.6 months — where five to six months is considered a healthy inventory level.
The most expensive listing sold in the county in June was a five- bedroom, five-bath, 3,000-square-foot oceanfront home in La Jolla, built in 2011, with a sales price of $11.5 million.
— City News Service