NORTH COUNTY — Home prices have hit a record high for the average sales price, according to the latest report from the North San Diego County Realtors.
The group’s April report showed the average sales price for a single-family home topped $1.5 million, which is an increase of 3.4%. Additionally, the median home price is $1.1 million, an increase of 4% over a rolling 12-month period.
Those are good signs for the real estate market in light of interest rates and those homeowners holding firm with interest rates below 4%, said San Diego Association of Governments Principal Economist Naomi Young, who spoke at Thursday’s North County Economic Summit hosted by the San Diego North Economic Development Council at California State University San Marcos.
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Young’s presentation, though, analyzed three types of housing — single-family, townhomes and condos. She said the median home price countywide has increased more than 43% since 2020…..
