Single-family resales at nearly 7-year high

“San Diego County finished the spring-homebuying season in positive territory in prices and sales among all types of housing, Wednesday’s DataQuick report showed. Single-family home resales, in particular, closed out a blockbuster month in May.

single-family resales upThe overall median price in May rose 3.2 percent from a year ago to $335,000, matching the median 18 months ago. When compared to April, prices rose 1.7 percent.

The county recorded 3,750 total sales last month, rising 21.5 percent from a year ago and 5.4 percent month-to-month.

Sales saw the most strength in the single-family resale segment, where buyers closed on 2,488 homes. That’s the highest figure for this category since September 2005, when 2,671 were sold, according to DataQuick stats. All regions of the county showed positive sales changes when compared to a year ago…”

Read the rest of this article by SignonSanDiego.com here: “Single-family resales at nearly 7-year high”.

John A Silva
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John A Silva

John Silva has over 21 years experience in residential real estate. He is a San Diego native, specializing in helping sellers & buyers, with extra experience in: modifications, short sales, and negotiation.
Contact me today for real estate assistance! (619) 890-3648 | Email me
John A Silva
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