$45,000 over the asking price? No wonder San Diego's median home price hits another record high in June
Another month, another record for San Diego County home prices. Driven by persistent shortages of homes for sale — coupled with low mortgage rates luring more buyers into the market — the median home price in the region rose to a record $750,000 in June, according to data released Tuesday from CoreLogic/DQNews. That’s up from the previous record of $725,000, which was set in May. A year ago, the median price — the point where half of all homes sold for more and half sold for less — was $600,500. “As soon as anything comes on the market, right way within 48 hours, you start getting...