San Diego County Housing Prices

The local market saw an uptick in closed sales from May to June and 20 percent increase year over year. Median price is down, but it's not a statistic I believe is indicative of much. MEDIAN PRICE June '09 May '09 June '08 Resale - detached $350,000 $325,000 $405,000 Resale attached $210,000 $199,000 $259,000 New construction $455,500 $476,000 $490,000 Total combined $314,250 $295,000 $370,000 # of SALES June '09 May '09 June '08 Resale detached 2,299 2,068 1,848 Resale attached 1,101 974 947 New construction 292 200 282 All combined 3,692 3,242 3,077 We'll see what happens when the backlog of REO inventory starts to be released at a rate higher than the trickle we are seeing today.