After 26 straight months of year-over median price increases, North County single family detached homes finally saw a decrease of 0.88 percent in October. That was not the case countywide where prices of detached homes increased 4.20 percent.

The months of double digit appreciation that peaked in mid-2013, the normal market slowdown that comes as we approach the holidays, and fewer investors in the market are all factors in the slowdown.

To read the full housing statistics reports, click on the links below.

• FULL COUNTY REPORT
•      NORTH COUNTY REPORT

North County Summary

• The median price for all North County home sales attached and detached decreased to $508,250 in October 2014 compared to $513,500 in September 2014.

Continue reading Housing Statistics Reports for San Diego County and North San Diego County October 2014 →

Median prices of single family detached homes in San Diego County overall and in North County specifically showed an increase of slightly over five percent compared to the previous year. This puts appreciation very close to historical averages. Investors and foreclosures no longer have a strong influence in our market. It is being driven by more traditional factors such as wages and interest rates.

Inventory is still on the tight side with under four months’ supply, but higher than it was at this time last year as can be seen in the chart below.

To read the full housing statistics reports, click on the links below.

• FULL COUNTY REPORT
•      NORTH COUNTY REPORT

Continue reading Housing Statistics Reports for San Diego County and North San Diego County September 2014 →