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Housing slump in no hurry to end

Posted on Jul 16, 2008

County prices drop 25.3 percent year over year

UNION-TRIBUNE STAFF WRITERS

July 16, 2008

Despite the arrival of the traditional peak summer home-buying season, DataQuick Information Systems yesterday reported no sign of an easing in the housing downturn.
 
Prices in San Diego County slipped by yet another year-over-year record of 25.3 percent to a median $370,000. Sales in June, while higher than those for May, were the second-lowest on record for the month at just over 3,000.

“There's certainly no evidence that prices overall are stabilizing,” DataQuick analyst Andrew LePage said.

Read More: http://www.signonsandiego.com/news/business/20080716-9999-1b16housing.html



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