Looking For A Home In San Diego? It Will Cost You

The median home price in the seventh largest city in the U.S. reached $500,000 last month.
June 18, 2004, 9am PDT | Christian Madera | @cpmadera
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"Fueled by fears of rising interest rates, a growing job market and a persistent lack of supply, the overall median price of San Diego County homes rose 21 percent from May 2003 to a new record last month of $454,000, according to figures released yesterday by DataQuick Information Systems." The median home price for existing homes surpassed $500,000. While some real estate professionals believe rising interest rates will help to soften the market, many home buyers have forsaken their dreams of home ownership.

Thanks to Christian Peralta

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Published on Wednesday, June 16, 2004 in The San Diego Union-Tribune
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