Were summer home sales hot or cold in San Diego?

From signonsandiego.com

San Diego home prices and sales were down in July, show Monday’s real estate report from La Jolla-based DataQuick.

The county in July recorded 3,041 total sales — including single-family resales, condos and new homes — the lowest number for a July since 1995 when there were 2,373. Sales were down 11.7 percent from June and 0.9 percent from a year ago. A similar month-over-month decline was seen throughout the Southern California region.

July’s median price for all housing types was $325,000, down 1.5 percent from June and down 3.8 percent from a year ago.

June-to-July sales on average across Southern California have fallen 4.8 percent since DataQuick began tracking housing numbers in 1988. July’s sales numbers were the third-lowest on record for a July and 29.8 percent below the July average of 25,752 sales.

Bear in mind: When looking at all months, June has had the highest number of sales most often in eight of the past 23 years of DataQuick tracking. Meanwhile, July has had the highest sales twice during that timeframe.

“The latest sales figures look a bit worse than they really are…,” said DataQuick President John Walsh in a media statement. “But they still suggest some potential homebuyers got spooked. Reports on the economy became increasingly downbeat and, no doubt, some people fretted over the possibility the country would default on its obligations.”

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Category : Blog &How's the Market?

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