Single-family home sales in San Diego County dropped last month as prices rose 3.4%

Housing Prices Rise Slightly in OC, LACo

Home prices continued to rise slightly in the Los Angeles metro area and in Orange County last month, as May’s sales pace fell 5.1% statewide, the California Association of Realtors announced. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,190 in May, the association said Wednesday. Last month’s sales pace fell 5.1% from the 267,710 homes sold in April and was down…

Single-family home sales in San Diego County dropped last month as prices rose 3.4%

A for-sale sign on a Mission Hills home. (File photo by Staff/Times of San Diego) Home prices increased last month in San Diego County from $1.01 million to $1.05 million for existing single-family homes, an industry group announced. But May’s sales pace fell 5.1% statewide, according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rat…