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.

sold

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.

   
-

Comments

Be relevant, respectful, honest, discreet and responsible. Commenting Rules