San Diego home prices hit all-time record high, mortgage rates above 7%
San Diego home prices are surging to new highs, hitting an all-time record even as mortgage rates remain high.
According to new data from CoreLogic, a real estate analytics firm, the overall median home price in San Diego County rose to $865,000 in March. That median price includes homes of all types such as single-family, condos, and townhomes, and according to their numbers, it shows a 9.5% increase year-over-year since March 2023.
“Home prices continue to go up while sales activity continues to be relatively slow,” said Selma Hepp, chief economist for CoreLogic.
With home prices reaching new heights, CoreLogic says the San Diego market is the second most expensive in all of Southern California, only behind Orange County where the median price is around $1.15 million.
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