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.
If you want to vote in the Nov. 6 Gubernatorial General Election, you should register by Monday, Oct. 22. If you miss the deadline, you may still conditionally register and vote provisionally through Election Day but you will have to register in person at the Registrar of Voters office in Kearny Mesa.
Warm and dry conditions are expected to continue through Sunday with temperatures in the low 80s inland and high 70s at the coast.
The San Diego Gulls will try to extend a three-game winning streak when they resume their four-game homestand Friday following Saturday night's 5-4 victory over the Bakersfield Condors.
A 45-year-old man is expected to survive gunshot wounds suffered during a shooting by a gunman at a liquor store in the Mountain View community of San Diego, a police officer said Sunday.
All southbound lanes of Interstate 5 will be closed from 9:30 p.m. to 5 a.m. starting Sunday night and continuing through Oct. 25, according to the San Diego Association of Governments.
A Mexican fishing boat caught fire and burned 30 miles south of San Diego, and while 15 people were rescued by a U.S.- flagged vessel, three people remained missing Sunday.
A blessing. That is exactly what Kelly Muno is calling what happened to her son, a former San Diego State University baseball star, on Friday afternoon.
San Diego State has suspended one of its fraternities, the university announced in a statement late Friday.
Gun owners had the chance to trade in unwanted firearms for gift cards or skateboards on Saturday, no questions asked, at a gun "buy back" event in southeastern San Diego.
The University of Southern California will pay $215 million in an "agreement in principle" to patients treated by Dr. George Tyndall, a campus gynecologist who has been accused of sexual assault by hundreds of women.