The median price of a San Diego County home was unchanged in July, compared to the same month a year ago, but sales jumped by 10.1%, according to figures released Wednesday.
According to the CoreLogic real estate information service, the median price of a San Diego County home was $580,000 in July, the same as July 2018. A total of 3,988 homes were sold in the county, compared to 3,623 in the same month a year ago.
A total of 22,071 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 6.1% from 20,795 in June, and up 3.7% from 21,292 in July 2018.
The median price of a Southern California home was $540,000 in July, down 0.3% from $541,750 in June and up 1.9% from $530,000 in July 2018.
“After 11 months of year-over-year declines, Southern California posted a modest annual increase in home sales in July,” said Andrew LePage, research analyst with CoreLogic. “The gain is no surprise given the significant drop in mortgage rates in recent months, combined with a healthy job market, income growth and a rise in inventory.”
—City News Service
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