San Diego County home sales fell in July, while the median sale price of single-family homes continued to stabilize above $500,000, according to new housing statistics from the Greater San Diego Association of Realtors (SDAR). Single-family resale homes sold in July decreased by about 13 percent, compared with sales in June, while sales of previously owned condominiums\/townhomes fell about 2 percent. The median price of single-family homes sold in July was $517,000, down slightly from June but still 7 percent higher than July of 2013. Condos and townhomes sold at a median price of $325,000, down by about 3 percent from June and about the same as a year ago. Meanwhile, the number of active listings in San Diego County is approaching 8,500 on the Multiple Listing Service (MLS). That is the highest it’s been in 2 \u00bd years, yet it represents only about three months of inventory. Six months of housing stock is generally considered a healthy inventory level, a point the San Diego market hasn’t seen since 2011. On average, homes continue to stay on the market less than 40 days and are selling 19 percent faster than a year ago and nearly 50 percent faster than in 2012. “Our real estate market has been seeking a sustainable equilibrium for some months now,” said Leslie Kilpatrick, SDAR president. “Our local economy remains in a fragile healing stage, yet properly priced homes continue to sell quickly, and inventory levels are still relatively low. Long-term, the San Diego region will need to see quality job growth and more first-time homebuyers to fuel greater sales volume and further price gains.” The most expensive listing sold last month in the county was a seven-bedroom, eight-bath, 8,700-square-foot home in La Jolla that sold for $8.25 million.<\/p>","protected":false},"excerpt":{"rendered":"
San Diego County home sales fell in July, while the median sale price of single-family homes continued to stabilize above $500,000, according to new housing statistics from the Greater San Diego Association of Realtors (SDAR). Single-family resale homes sold in July decreased by about 13 percent, compared with sales in June, while sales of previously […]<\/p>","protected":false},"author":726,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"11560","_seopress_titles_title":"County home sales fall, median price stays even","_seopress_titles_desc":"","_seopress_robots_index":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[11560,11593],"tags":[],"class_list":["post-303691","post","type-post","status-publish","format-standard","hentry","category-la-jolla-village-news","category-no-images"],"_links":{"self":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/303691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/users\/726"}],"replies":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/comments?post=303691"}],"version-history":[{"count":0,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/303691\/revisions"}],"wp:attachment":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media?parent=303691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/categories?post=303691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/tags?post=303691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}