Housing prices in county rise, but sales down
Analysts caution that values are slow to rebound
By Roger Showley
Union-Tribune Staff Writer
San Diego County housing prices rose for the fifth consecutive month in August to reach a median price of $325,000, the highest since last September and $45,000 above the low reached in January, MDA DataQuick reported yesterday.
Analysts called the numbers another sign that the market is stabilizing after three years of steep losses. But that doesn’t mean all homes are regaining their lost value, they said.
It’s just that fewer low-cost, distressed properties closed escrow last month and consumers remained concerned enough about the economy to hold off buying or listing their homes for sale