Existing Home Sales Higher
Existing home sales up for 3rd. consecutive month in July
San Diego real estate pent up demand
Here in the Western region, existing home sales rose 3.2 percent to an annual rate of 1.28 million in July, and are 11.3 percent above a year ago. The median price in the West was $327,400, which is 8.4 percent above July 2014.
Existing home sales in the South increased 4.1 percent to an annual rate of 2.29 million in July, and are 9.6 percent above July 2014. The median price in the South was $203,500, up 7.0 percent from a year ago.
The Northeast was the only region to show a home sales drop for July. The Northeast decreased 2.8 percent to an annual rate of 700,000, but are still 9.4 percent above a year ago. The median price in the Northeast was $277,200, which is 1.3 percent higher than July 2014. In the Midwest, existing-home sales were at an annual rate of 1.32 million in July, unchanged from June and 10.9 percent above July 2014. The median price in the Midwest was $186,500, up 6.6 percent from a year ago. Read more 
June Home Prices Higher
June home prices move up
The June home prices in the 20-city S&P/Case-Shiller index was up 4.5%.
The city with the largest home price increase for June was Denver with a 10.2% year-over-year increase. This was followed by San Francisco with a 9.5% increase and Dallas with a 8.2% rise.
Within the 20-city index, eleven cities showed home prices in June 2015. Read more
San Diego Real Estate Blog July Traffic
San Diego Real Estate Blog July Traffic
Last month this San Diego real estate blog had over 29,800 unique visitors!
For the past six months, this San Diego real estate blog averaged over 29,600 unique visitors per month!
Thanks to all our loyal readers & site visitors.
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San Diego Real Estate Blog
Most Expensive Housing Markets in the Nation
Most Expensive Housing Markets in the Nation
Of the five most expensive housing markets in the country, four them are here in California. Yes, San Jose, California, where Silicon Valley is located, has the distinction of having the nation’s highest median home price of $980,000!
In second place, is San Francisco with the median home price of $841,600. The Anaheim Santa Ana area of California comes in third with the median home price of $685,700. The fourth highest median home price in the country is not in California, but in Honolulu, Hawaii. The median home price in Honolulu is $698,600. Read more