The median price of a home in San Diego County rose by 3.4 percent in September, compared with the same month a year ago, while the number of homes sold jumped by 8.4 percent, a real estate information service announced Monday.
According to CoreLogic, the median price of a San Diego County home was $460,000 last month, up from $445,000 in September 2014. A total of 3,633 homes were sold in the county, up from 3,353 during the same month the previous year.
A total of 21,350 new and resale houses and condos changed hands in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, according to CoreLogic. That was up 0.4 percent from 21,257 in August and up 13.1 percent from 18,874 in September 2015.
The median price for a Southern California home was $435,000 in September, down 0.7 percent from $438,000 in August and up 6.1 percent from $410,000 in September 2014.
“The slight pick-up in sales between August and September was atypical,” said Andrew LePage, a research analyst for CoreLogic. “On average, sales have declined nearly 10 percent between those two months over the past quarter-century. Given the rise in September sales, it seems likely the nearly 13 percent July-to-August decline was caused largely by the market’s inability to replenish the inventory of homes for sale fast enough to maintain the higher sales pace experienced in the early summer months.”
—City News Service
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