San Diego Prices Tumbling
This according to an article in the San Diego Union Tribune. The gist of it below:
San Diego County housing prices took their biggest-ever spring stumble last month as the median sales price fell to $490,000, down $15,000 from the previous month.
The median price was just $2,000 higher than it had been a year earlier and was down 5 percent from the record level of $518,000 it reached in November, according to DataQuick Information Systems.
Much of the decline is being attributed to drops in prices on condo conversions as well as builder's discounts on asking prices.
