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SAN DIEGO - Home prices in San Diego County softened in July compared to the previous month's sales activity, the California Association of Realtors announced Tuesday.July's sales pace statewide rose 3.6% from the revised 270,200 homes sold in June and were up 4.1% from a year ago, when a revised 268,840 homes were sold on an annualized basis. The sales pace has remained below the 300,000- threshold for 22 consecutive months, and year-to-date home sales edged up 0.
Home prices could soften further in coming months but should continue to register moderate year-over-year growth for the rest of the year, the association said.'California's housing market kicked off the second half of the year with a moderate increase in home sales in July as interest rates continued their downward trend,' CAR President Melanie Barker said in a statement.
Home Prices Housing San Diego County
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