May home sales in San Diego continue to climb
(CNS) – The median price of a single-family home in San Diego County was $466,000 in May, up 22.6 percent from a year ago and 3.6 percent higher than April, the San Diego Association of Realtors reported Friday.
And in a sign of just how much the local housing market is heating up, more than 2,400 houses were sold last month, up 15.5 percent from April and a 10.2 percent hike from May last year, according to SDAR statistics posted online.
For the first five months of this year, the median price of a house in the region was $430,000 — 19 percent above the same period of 2012. The 10,188 homes sold year-to-date is up 6.6 percent from the year-ago period.
Also, SDAR reported that the number of days a house spent on the market dropped by nearly one-third in the first five months of this year, compared to the same time last year.
The median price of an attached home — like a condominium or townhouse – - was $305,500 in May, up 32.8 percent from the year-ago period and up 5.9 percent from April, according to SDAR statistics.
In May, more than 1,000 condos or townhomes changed hands — a 9.6 percent hike from the same month last year.
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