Hello Agents! David wanted to share this exciting information from yesterday's San Diego Union Tribune article with you:
For the fourth straight month, the county’s median price stood at $325,000 in November, MDA DataQuick reported yesterday. It’s the first time in 21 years of record keeping that the median price has stayed the same for so long.
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Factors at work, at least for the moment, include continued demand for lower-cost homes, dropping inventories of homes listed for sale, historically low interest rates, and a general improvement in economic conditions and consumer confidence.
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[DataQuick analyst Andrew LePage] added, “If you take one thing away (from the latest report) … it does suggest in many markets, prices have appeared to firm up a lot.”To read the full article, please click here.
Also, congratulations to Barbara Hunt of the Escondido office, whose Escondido listing was featured in the ad.
