SAN DIEGO (CNS) - Sales of previously owned single-family homes in San Diego County dropped 10.5 percent in July compared to June, according to data released Wednesday by the Greater San Diego Association of Realtors
Month-over-month single-family home sales fell from 2,221 in June to 1,989 in July. Condominium and townhome sales fell from 1,162 to 994, a 14.5 percent drop, according to the association.
Single-family home sales and sales of condominiums and townhomes saw smaller decreases when compared to July 2017. The former decreased from 2,127 to 1,989 and the latter decreased from 1,136 to 994, drops of 6.5 percent and 12.5 percent, respectively.
The year-over-year drop is in spite of the supply of homes for sale rising roughly 11 percent.
"Demand is still outpacing the supply of homes," GSDAR President Steve Fraioli said. "But it's clear that inventory of homes for sale has improved over last year. That should encourage buyers."
While purchase rates fell, median home prices for both single-family homes and larger homes both rose from June to July. Single-family median home prices rose 0.3 percent from $655,000 to $657,000, while larger home prices rose 1.6 percent from $425,000 to $432,000.
The year-over-year price increases both sit around 6.7 percent, an average rise of roughly $34,000.
A fire that started in a garage badly damaged a home in Scripps Ranch on Sunday morning, a fire official said.
A seemingly wayward hot air balloon landed in a Ramona field on Sunday much to the surprise of on-lookers.
Several residents of an apartment complex in El Cajon were displaced Sunday after a driver accidentally crashed into their building.
An allegedly-intoxicated driver crashed down an embankment after trying to evade a pursuing sheriff's deputy Saturday night.
San Diegans are going online to raise money to help make ends meet amid a partial government shutdown prolonged by a impasse over President Trump's demand for a wall along the U.S.-Mexico border.
Waterfront Park in downtown San Diego played host to thousands of people demonstrating in the third annual Women's March, which also took place in dozens of other cities across the country.
Three people robbed a San Carlos jewelry store on Saturday afternoon, then fled before officers were able to arrive, police said.