The July housing market saw a slight dip in detached median prices from June, though still up from July 2013, but a significant decrease in the number of units sold from a year ago for both detached and attached homes. Single-family attached sold units were slightly higher than last month.
The median-priced single-family detached (SFD) home in San Diego County decreased 1.89 percent from $530,000 in June to $520,000 in July, but was up 7.22 percent from July 2013, according to the North San Diego County Association of Realtors’ HomeDex Report.
The median-priced single-family attached (SFA) home in San Diego County was also down, at $325,000 in July from $335,000 in June, but up 1.4 percent year-over-year from $320,500.
The number of SFD homes sold in San Diego County decreased 4.06 percent from June to July, and SFD sold units decreased 15.27 percent from July 2013. The number of SFA homes sold countywide increased 4.08 percent from June but decreased 15.21 percent from July 2013.
In North San Diego County, sold SFD units decreased 10.12 percent from June to July and decreased 21.74 percent year-over-year. The number of North San Diego County sold SFA units increased 3.31 percent from June but decreased 17.89 percent from July 2013.
The affordability level in San Diego increased slightly from June in both SFD and SFA homes. In July, 31 percent of San Diego County households were able to afford the county’s median-priced SFD home, up from 30 percent in June but down from 35 percent year-over-year.
The percent of San Diego County households able to afford the median-priced SFA home in the county increased to 57 percent in July from 55 percent in June, up from 54 percent in July 2013.