Home sales rebounded across California last month, increasing on both a month-to-month and year-to-year basis, but were down slightly in San Diego County, the California Association of Realtors announced Wednesday.
Closed escrow sales of existing, single-family detached homes in San Diego County were down 2% from August’s numbers, but were up 14% year-over- year.
Statewide, September sales were up 5% from the previous month, and 6.6% year-over-year.
“The housing market showed modest improvement in September, with both sales and prices up from a year ago,” CAR Senior Vice President and Chief Economist Jordan Levine said in a statement.
“Steady mortgage rates may give demand a small boost heading into the fourth quarter, but broader economic uncertainty – like the ongoing government shut