San Diego Housing Report Shows Signs Of Market Slowdown
Monday, December 9, 2013
Signs that San Diego's residential real estate market is slowing showed up in a report released Monday by the San Diego Association of Realtors, though housing prices remain well above what they were last year.
A total of 1,609 single-family homes were sold last month, down 15.6 percent from November 2012, and 11.3 percent below October of this year.
The number of attached homes that changed hands in November totaled 761, down 19.4 percent from the same month last year, and 9.6 percent below this past October.
The median cost of a single-family house in the region in November was $469,000, down 1.3 percent from October. However, the price tag was 15 percent higher than the same month in 2012, according to the statistics.
The median price of a house across the first 11 months of this year was $455,000, nearly 20 percent above the first 11 months of last year.
The SDAR reported that for condominiums and townhouses, the median sales price in November was $310,000, up 4.7 percent over the previous month, and a jump of 19.2 percent from November 2012.
The year-to-date median price of an attached home is $295,000, a 30.5 percent hike over the same period last year.
According to the figures, 22,888 houses sold in the first 11 months of 2013, up 0.5 percent over the same time frame of 2012. Also, 10,779 condos or townhomes sold year-to-date, a 5.3 percent climb.
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