January Home Sales Fall, While Prices Tick Up, According to SDAR

The number of resale home closings in San Diego County fell significantly in January from December – not uncommon for the first month of a new year, according to housing statistics compiled through the San Diego Multiple Listing Service by the Greater San Diego Association of REALTORS® (SDAR).

The rush to close on home sales by the end of the year may have accelerated the percentage of closings for both single-family detached and attached property home sales last month to 31 percent. The median price of resale single-family homes in January was up 4 percent month over month, to $885,000, and that’s up significantly from a year ago, more than 19 percent.

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