San Diego County Home Prices and Home Sales Drop
The median price of a home in San Diego County in February fell 4.3 percent according to a report issued byLa Jolla-based MDA DataQuick. DataQuick also reported that Home sales in San Diego County dropped 5.5 percent in February, compared to the same month a year ago.
DataQuick President John Walsh said about this report: “This spring we’ll see an infusion into the market of more traditional buyers, who aren’t necessarily purchasing with an investor mindset. If the stars line up right — low prices, low mortgage rates, available credit, higher job growth and higher consumer confidence — we could see sales shoot back up to more normal levels.”
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