The number of homes that changed hands in San Diego County dropped last month, but the decrease was chalked up to a normal seasonal decline, the San Diego County Association of Realtors reported Thursday.
Nearly 1,340 single-family homes sold locally in January, a 30 percent drop from December but just 10 fewer houses than were sold in January of last year, a change of less than 1 percent.
The median sales price of a house last month was $559,500, which is 2 percent below the month before, but 6 percent higher than the same month last year.
For attached homes like condominiums and townhouses, 670 changed hands in January, 27 percent below December but just 4 percent under January 2016.
The median sales price of a condo last month was $378,750, 4 percent over the month before and 8 percent above the level of the same month last year.
“January is most often a slow month for home sales following the holidays and the end of the tax year, not to mention the welcome and ample rain may have kept people from venturing out to open houses,” said SDAR President Bob Kevane. “Spring will be here soon enough, and that’s when the market tends to heat up.”
The SDAR also said the inventory of resale houses continued to be constricted.
The most expensive property sold in the county last month was a 12,000- square-foot, seven-bedroom, 10-bath, Rancho Santa Fe estate, built in 1994, with a price of just over $6 million.
—City News Service
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