The Latest On The San Diego Real Estate Market - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

The Latest On The San Diego Real Estate Market

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Home prices continue to fall in San Diego and for the first time in a long time, the average sale price for a detached home has dropped below a half million dollars. 

The average home sold in January for just over $422,000.  It was down more than 34 percent from the past year.

As expected, the number of homes that changed hands did go up.  More than 1300 homes were sold last month in San Diego County.  That's up some 68 percent from 2008.

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