Home sales in San Diego reach six year high - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Home sales in San Diego reach six year high

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SAN DIEGO (CBS 8) - The National Association of Realtors says sales of previously owned homes jumped nearly eight percent to a seasonally adjusted annual rate of nearly five million units last month, which is the fastest annual rate since May 2010.

Nationwide, the median price for a home resale rose to more than $187,000 in August - up 9.5 percent from a year ago

In San Diego, homes have been selling all summer. In fact, local home sales have reached their highest level in six years.

Real Estate expert Mike Litton helps to break down the housing headlines in this video report.

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