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Median San Diego Home Price Hits New Record: $750,000
Wednesday, July 21, 2021
Photo by KPBS Staff
Bidding wars are breaking out among buyers as home prices in San Diego reach another record high. In June, the median price for a home in the county reached $750,000 – up about $150,000 from this time last year. That median price includes single-family homes and condos.
An extremely low-inventory of homes for sale and low mortgage rates are two big factors driving prices up, but so is migration from buyers moving to San Diego from even higher-priced housing markets in California.
The San Diego Union-Tribune reporter Mike Freeman joined Midday Edition on Wednesday to discuss the reasons for the continued price increases and what's expected going forward.
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