Home prices in San Diego up 9%

San Diego home prices ended 2012 with a bang, mirroring a trend seen in other major U.S. metro areas.

The price of a local home sold in December rose 9 percent from the same time a year ago, based on the S&P/Case-Shiller home price report released on Tuesday. That boost is the highest year-ago increase for any given month since July 2010. Values have risen 11 straight months, Case-Shiller data show…

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…What’s behind the uptick?

In San Diego, rising sales and a smaller inventory of available homes are driving up price.

Inventory here is near a 52-month low, with about 4,200 active home listings in the county, according to numbers from the San Diego Association of Realtors…

Read more of this article by U~T San Diego here: San Diego home prices up 9%

2 thoughts on “Home prices in San Diego up 9%

  1. Pingback: Home prices in San Diego up 9% « roberrodris

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