San Diego - Home sales in San Diego County jumped by 26.6 percent in February, compared to the same month a year ago, but prices dropped by 31.1 percent, a real estate information service reported Tuesday.
A total of 2,473 homes sold in February, up from 1,954 for February 2008, while the median price of a home in San Diego County last month was $285,000, down from $415,000 in the same month a year ago, according to La Jolla-based MDA DataQuick.
According to DataQuick, home sales in the six-county Southern California region in February jumped by 41.3 percent over the same month last year, while home prices dipped 38.7 percent to $250,000.
"The market is so tilted away from normal mainstream activity that it's impossible to generalize or predict based on the atypical patterns we're seeing," said john Walsh, MDA DataQuick president. "That means that normal demand and supply is building up. The floodgates could open once mortgage credit starts to open up."
A total of 15,231 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was virtually unchanged from 15,227 in January and up 41.3 percent from 10,777 in February 2008.
The median price of a Southern California home was $250,000 in February, the same as it was in January. The median price was down 38.7 percent from $408,000 in February 2008.
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