Sales surge, but real estate market is still in decline
By Roger Showley
STAFF WRITER
August 19, 2008
Propelled by low-cost foreclosure sales and accelerating price drops, more San Diego County homes were sold last month than at any time in more than a year, MDA DataQuick reported yesterday.
There were 3,431 sales in July, up 11.5 percent from June and 10.5 percent higher than a year earlier – the first time in 49 months that the year-over-year sales count has increased.
The overall median price was $364,000, down $6,000 from June and off $125,000 from July 2007. The 25.6 percent year-over-year decline was the highest for any month in the 20 years of DataQuick record-keeping.
Read More: http://www.signonsandiego.com/uniontrib/20080819/news_1b19housing.html For detailed housing prices by neighborhood go to uniontrib.com/more/julystats
