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San Diego Real Estate Regained Some Ground In March

A new home under construction in Pepper Pike, Ohio. This spring's jobs data c...

Photo by Tony Dejak

Above: A new home under construction in Pepper Pike, Ohio. This spring's jobs data could look much brighter if housing heats up.

Real estate in San Diego regained some ground in March, with the median price of a single-family home rising 4.3 percent to $490,000, according to the San Diego Association of Realtors.

In a report issued Monday, the local real estate group said the price of a house sold in March was 4.3 percent higher than in February and up 13.4 percent compared with March 2013.

Sales were up 32.5 percent, with nearly 1,800 homes sold last month. But compared with sales in March 2013, sales were down 15.4 percent, according to the association.

Condominium and townhouse prices were up 1.7 percent month-to-month, with the median price at $305,000. Compared with last March, prices were up 7 percent. Sales were up 14.7 percent, with 827 units sold in March.

Compared to last year, sales of condominiums and townhomes were down 17.3 percent.

Year-to-date figures reflect a wintertime slowdown in the market, according to the association.

In the first quarter of the year, nearly 4,500 single-family homes sold, down 18.7 percent from same quarter in 2013. Quarter-to-quarter condominium and townhome sales -- 2,300 -- were down 9.6 percent.

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