The media types are always a little short on analysis, and instead are happy to plug in realtor quotes to fluff their stories. But their sound-bites have become consistent – prices are on the move – which may be enough to sway the popular opinion. From sddt:
The median price of a single-family home in the county surpassed the $400,000 level in September, up more than 3% from August, and more than 12 percent from September 2011, according to data from the San Diego Association of Realtors (SDAR), compiled from the Multiple Listing Service (MLS).
Condos and townhomes saw no change in September from the previous month, but were up 14 percent from the same month last year. Overall, median prices so far this year are up more than 3.5 percent compared to last year.
Sold listings dropped in September from their highest point in August. Sales of single-family resale homes (detached properties) fell 16 percent, and condos/townhomes (attached properties) declined by more than 18 percent. However, compared to September of 2011, sales are up about 10 percent.
“We still have more work to do to convince anxious sellers and buyers that there may never be a better time to move up to the home they’re dreaming about, or to buy their first home, but the local real estate market is clearly headed in the right direction,” said SDAR President Donna Sanfilippo.