S.D. Home Prices Fluctuate, Sales Still Down
Thursday, February 18, 2010
San Diego home prices are down from last month, but still $25,000 higher than one year ago. What does the latest data tell us about the local real estate market? We speak to the real estate reporter for the San Diego Union-Tribune, and a real estate broker about the latest news on the local market.
Maureen Cavanaugh: The new year has started with some unsettling news for San Diego's housing market. There was a 7.6 percent drop in the median home price last month. That drop wiped out all the small gains in housing prices during the last quarter of 2009.
But market analysts tell us not to worry, January and February are unreliable months for San Diego real estate. The real story about housing prices will be told this spring.
So where does all that leave us?
Roger Showley, staff writer for the San Diego Union-Tribune who covers real estate.
Matt Battiata, CEO of the Battiata Real Estate Group.