The median home price in San Diego County ↑ 1.9% in April to reach $805K.
However, the overall median home price is still ↓ 1.8% yearly.
Despite the price increase, there were very few home sales in April, ↓ 53% yearly.
Limited housing supply and competitive buyers have contributed to the rise in prices, creating a seller's market.
The number of homes listed for sale in April was the lowest in 13-mo, indicating a continued scarcity of inventory.
The demand and supply dynamics are expected to persist during the summer, so waiting for prices to come down may not be realistic.
Early-Q2 Home Price Rises for 2nd Month in San Diego
