SignOnSanDiego.com > News > Business -- San Diego County home prices take a tumble: "By Roger M. Showley
UNION-TRIBUNE STAFF WRITER
11:45 a.m. June 13, 2006
SAN DIEGO – San Diego County's home prices took their biggest tumble for any spring on record last month, DataQuick Information Systems reported Tuesday.
The median price of all homes sold in May was $490,000, down $15,000 from April, although it was still slightly higher than a year ago.
Snapshot: Home/condo sales May '05– May '06
Sales slowed for the 23rd straight month on a year-over-year basis, reaching 4,217 transactions in new and existing homes and condos.
Local real estate agents reported about seven months' worth of unsold inventory, but argued that the pace of activity reflects a normal market rather than a crash. "
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