In the latest indication that the gloom in the housing market might be lifting, MDA DataQuick reported yesterday that May prices in Southern California rose for the first time in nearly two years, up $2,000 from April to reach an overall median of $249,000.
On Tuesday, DataQuick reported that San Diego County's median price rose even more, up $5,000 from April, to stand at $295,000, or $15,000 above the recent low point in January.
“We appear to be in the early stages of the market gradually tilting back toward a normal balance of sales across the home-price spectrum,” DataQuick President John Walsh said.
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Source: San Diego Union-Tribune
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