SAN DIEGO (CNS) - The median price of a single-family home sold in October in San Diego County was $496,750, down 3 percent from September but 5 percent higher than the same time last year, the San Diego Association of Realtors reported.
The SDAR's data presented a mixed bag after signs in recent months that the once-hot market was beginning to slow down.
An attached home changed hands at a median price of $337,500 last month, unchanged from the month before and up 14 percent from a year earlier.
The numbers are encouraging because they show the local real estate market is becoming more balanced, said Leslie Kilpatrick, president of the SDAR Board of Directors.
"Homes aren't staying on the market long, so homeowners who are thinking of selling are in a good position," Kilpatrick said. "While inventory has grown, the most sought-after properties sell quickly, so buyers need to be prepared to act. This is not the time to sit on the sidelines if a move is in your future."
The SDAR reported that 1,764 houses were sold last month, 2 percent more than September, but 7 percent fewer than the same period in 2013. For condominiums and townhomes, 835 changed hands in October, down 3 percent for the month and 12 percent for the year.
The number of active listings on the Multiple Listing Service in San Diego County is just under 8,000, representing three months of housing stock, according to the SDAR. The organization said six months is considered a healthy inventory level.
Homes on the market are being snapped up, on average, within 45 of being listed, the SDAR data showed.
All lanes reopen on Interstate 15 after an SUV was pinned by a box truck, causing the HOV lanes to close in both directions.
The San Diego City Council's Budget and Government Efficiency Committee will discuss during Wednesday's meeting a permit and fee system for dockless vehicle operators.
Throughout the nation Tuesday, the collective protest against the Trump administration’s policy of separating children from their families at the border reached fever pitch.
Above average temperatures return to the county as high pressure strengthens south of our region. Marine layer will become very suppressed under the high pressure, but may not be completely dissipated.
The president of the La Mesa – Spring Valley School District Board on Tuesday faced calls to resign over a post on his personal Facebook page.
On Tuesday night, the voice of the San Diego Padres, Ted Leitner, returned to the radio booth just weeks after a cancer scare.
Despite community backlash, on Tuesday the San Diego Unified School District voted 4 to 1 to approve a new 300,000 square-foot housing project in Scripps Ranch that will replace a charter school and provide affordable housing units, a community garden and retail space.
Carlsbad's Ron Capps entered the funny car winner's circle on Friday for the the first time this season. Only being his first win is somewhat of a surprise as Capps had eight wins last season and won the NHRA funny car championship the year before.
Sentencing was held Tuesday for a man for his part in the attempted kidnapping of a 15-year-old girl from in front of her Encinitas home. Christopher White pleaded guilty to being an accessory to kidnapping.