SAN DIEGO (CNS) - Single-family home prices in San Diego County hit a record high in May, according to housing statistics released Thursday by the Greater San Diego Association of Realtors.
The median single-family home price was $650,000 last month, a 5 percent increase over April. Meanwhile, attached properties, including condominiums and town houses, settled at a median price of $421,000, just more than 2 percent over April numbers.
Overall, resale property home prices have seen a year-over-year increase of 6.5 percent, according to GSDAR.
For 2018, however, sales of existing homes are down nearly 8 percent from last year. Supply is low, but demand remains high.
Homes don't stay on the market long. In May, single-family homes were closing escrow in an average of 26 days, while attached properties closed in only 21 days.
"Prospective home buyers should expect a competitive housing market throughout the summer," SDGAR President Steve Fraioli said. "Fortunately, the low inventory of homes for sale doesn't seem to be dampening their demand."
North Oceanside had the most single-family home sales last month, with 63. Carmel Valley, north Escondido and Fallbrook came next, with 58, 53 and 51 sales, respectively.
Hundreds of statewide faith leaders will march Saturday afternoon to the Otay Mesa Detention Center, where they will protest immigration policies that separated more than 2,300 children from their parents.
A 325-acre blaze burning at Camp Pendleton Saturday was described as a ``training fire'' by a base official.
The average price of a gallon of self-serve regular gasoline in San Diego County dropped today for the 16th consecutive day, decreasing nine-tenths of a cent to $3.697.
A crash on an Oceanside freeway Saturday morning left two cars on their roofs and sent one person to a hospital, a fire official
Cooler weekend for the County due to a low pressure trough moving through the Great Basin. Weak and shallow marine layer may still be slow to clear.
A stretch of road in National City was shut down briefly after a large crowd took to the streets to celebrate the Mexico national soccer team's 2-1 victory over South Korea today in the 2018 FIFA World Cup.
The San Diego Humane Society today urged residents to volunteer their homes as foster spaces for the influx of animals typically lost after Fourth of July.
A man was critically injured Friday night when he chased a ball into the street and was hit by a car.
Clayton Richard pitched three-hit ball over six innings for his fourth consecutive win and the San Diego Padres beat the San Francisco Giants 6-2 on Friday night.
A powerful show of support for migrants being held in detention facilities has hundreds of interfaith leaders gathered Friday night for a vigil and demonstration at the border.