San Diego County home prices remained virtually flat in March for the third straight month, with sales of entry-level homes the strongest, in the clearest sign yet that at least the market's bottom rung may have stabilized.
The county's median price was $285,000, unchanged from February and up $5,000 from January, MDA DataQuick reported yesterday. Sales skyrocketed to 3,020, up 43 percent from a year ago; it was the biggest increase for any March in five years.
“The sales are the first thing that has to improve to bring stability into the housing market, and there's a good reason why the sales are improving, and that's affordability,” said Esmael Adibi, director of Chapman University's Anderson Center for Economic Research.
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Source: San Diego Union-Tribune
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