San Diego County's residential real estate market continued to cool last month, with overall prices down 2.2 percent from August 2005.T-Bills look pretty good?
It was the third straight month of year-over-year price declines, the research firm DataQuick Information Systems reported yesterday. It also was the slowest August in terms of sales volume since 1997.
The median price for all homes in August was $482,000 for 3,666 sales, compared with a median price of $493,000 and 5,379 sales in August 2005.
August was also the 26th consecutive month in which the total number of homes sold fell on a year-over-year basis. The year-over-year decline in total sales last month was 31.8 percent, the biggest for any month in 11 years.
Wednesday, September 13, 2006
San Diego Home Prices Continue to Fall
The San Diego Union Tribune reports:
