Monday, October 4, 2010

Local prices expected to remain flat in 2011

The California Association of Realtors projects resale housing prices in San Diego to remain flat or rise slightly in 2011.

Although resale prices rose by 20 percent in San Diego County in the first half of the year, that figure slipped to 2.4 percent in August. The initial rise was not as strong as most of the state's other areas as it was in San Diego, which tends to trend upward or downward ahead of the remainder of the state.

More details from CAR, a graph tracking year-over-year prices and other information can be found in a Union-Tribune story here.