Home sales, prices rise 10%

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Housing, houses, real estate,

SAN DIEGO — The median price of a home in San Diego County rose by 4.6 percent in April, compared with the same month a year ago, while the number of homes sold jumped by 9.9 percent, a real estate information service announced Tuesday.

According to CoreLogic, the median price of a San Diego County home was $455,000 last month, up from $435,000 in April 2014. A total of 4,026 homes were sold in the county, up from 3,664 during the same month the previous year.

A total of 21,708 new and resale houses and condos changed hands in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, according to CoreLogic. That was up 9.9 percent from 19,706 in March and up 8.5 percent from 20,008 in April 2014.

The median price for a Southern California home was $429,000 in April, up 0.9 percent from $425,000 in March and up 6.2 percent from $404,000 in April 2014.

“Sales activity picked up last month, making it one of the stronger Aprils since the housing bust, though sales remained below average,” said Andrew LePage, a data analyst for CoreLogic. “Many buyers still face credit and affordability hurdles, and the inventory of homes for sale remains relatively tight in many markets. New home construction is still well below historically normal levels, too.”

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