San Diego Business Journal

Sales of previously owned homes increased in February after a particularly slow January, according to the Greater San Diego Association of Realtors.

Single-family home sales rose 7 percent in February, while condominiums and townhomes saw an 11 percent jump over January. For the year, total sales are down about 6 percent from 2014.

The median prices of both detached and attached home prices rose slightly in February. Single-family homes hit $500,000, while condos and townhomes reached the $335,000 mark.

Active listings on the Multiple Listing Service numbered just under 6,000, resulting in a housing stock of about 2.5 months. (Five to six months is considered a healthy inventory level.) In February, the average number of days that homes remained on the market stood at 52, unchanged from last month.