Housing market may be cooling | The San Diego Union-Tribune
The median price for resale homes in San Diego County hit a record last month at $535,000, but there were hints of a softening in the market as overall appreciation in pricing slowed and sales declined, DataQuick Information Systems reported yesterday. Driven by the continued popularity of lower-priced condominiums, particularly those that have been converted from apartments, the year-over-year rate of appreciation last month slowed to 12.5 percent, the lowest of the six Southern California counties tracked by DataQuick. The last time appreciation was in the range of 12 percent was November 2003.
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