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San Diego Home Prices Slightly Down in April

May 12th, 2011 11:36 AM by Michael Barrow

 

San Diego County home prices dipped a bit in April, according to data released today from San Diego based company DataQuick Information Systems.

The stats for April show a median price of $321,750 for all home sold, down 1.1% from April, 2010, and down 1% from this March. Sales volume was also down slightly from last April, showing a .5% decrease, but up 7% from March, with 3,277 total sales.

A big contributing factor to this decline is that the lending environment is still challenging for borrowers. But, the good news is that interest rates have hit a new 2011 low this week.

At Neely, Barrow & Associates we have found that this continued pressure on prices, accompanied by historically low interest rates, and the increase of spring inventory has brought out quite a few buyers. We are especially seeing a lot of investors flooding the market as they know that San Diego real estate is on sale and now is the time to buy!

If you are looking to buy, start your search for San Diego homes with us.

Posted in:General
Posted by Michael Barrow on May 12th, 2011 11:36 AM

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