> San Diego home prices are dropping at a record pace
San Diego home prices are dropping at a record pace
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San Diego home prices are dropping and we're seeing a record slowdown nationwide.
According to the S&P Case-Shiller Indices, the home prices were down 2.5% from July to August. San Diego County hasn’t seen a drop that significant since July 2008.
According to Realtor.com, in August the median sale price for a single-family home was $900,000. During the pandemic, the median sale price for a single-family home was around $670,000. The annual price growth for San Diego is 12.7% and 13% nationwide, according to S&P Case-Shiller Indices.
MORE: https://www.cbs8.com/article/news/local/working-for-you/san-diego-fastest-decreasing-home-prices/509-2b164cf6-ade1-4d1b-a037-03881858ef15