San Diego County homes sales rebounded in March, in line with seasonal patterns, as median closing prices for existing, single-family houses rose 2 percent month over month — or 5 percent from a year earlier — to $575,030.
Multiple Listing Service data shared by the Greater San Diego Association of Realtors also showed a strong increase in condominium and townhome sales volume in February. March’s median sale price of an attached home increased 2 percent, as well, to $383,500, which was an 8 percent jump year over year.
The number of single-family homes sold was up 35 percent from February totals, at 2,012, while condo and townhome purchases rose 40 percent to 1,019. But compared with March 2016, the number of sales of detached homes was off 1 percent, and attached-unit sales were down 5 percent.
SDAR President Bob Kevane predicted continuing gains in sales activity and prices.
“We can expect strong home sales and steady appreciation,” he said in an April 7 news release, “and hopefully that will encourage more people to test the waters to find or move up to their dream home.”