Home prices continued to tumble in San Diego County last month, with the median of $380,000 reaching its lowest level since September 2003.No word yet from the Nation Association of Realtors on this one.I guess not everyone makes money in real estate.
A trio of factors – surging foreclosures, tougher lending standards and a weak economy – further pressured prices and demand for housing, according to La Jolla-based DataQuick Information Systems. May's median price was down nearly 23 percent from a year earlier.
San Diego's median home price peaked in November 2005 at $517,500.
Tuesday, June 17, 2008
San Diego County Median Home Price Falls to $380,000
The San Diego Union Tribune reports:
