Median prices for attached and detached homes across San Diego County increased about 3 percent while sales were up more than 10 percent in April, according to statistic from the North San Diego County Association of Realtor’s HomeDex report.
The 3 percent increase in prices for single-family detached homes was the largest the housing market has seen since 2007 when the median price went from $565,000 in February to $585,000 in March.
The median price of a single-family detached home was up to $335,000 in April; level with the median price in February.
Since the beginning of the year, the median price of single-family detached homes sold has been hovering around $330,000.
While $335,000 is about 40 percent less than median home prices in April 2007, prices have been more stable in the past four months than they have been in two years.
From July 2007 to November of 2008, detached median home prices were either flat or declined month to month. December 2008 saw the first price increase in 16 months when median prices hit $349,000. Since then, prices have decreased one month then increased the next.
Additionally, April 2009 saw 1,805 single-family detached and 897 single-family attached homes sold, both up more than 10 percent month-over-month and more than 25 percent year-over-year.
The median price for attached homes went up from $175,000 to $180,000 from March to April, according to the report.