The median home price in San Diego County was $498,000 in August, a 6 percent increase over the last year.
According to data from the July S&P CoreLogic Case-Shiller Indices, the Los Angeles Times reports that other markets in California are on a similar pace. San Francisco’s prices have also increased 6 percent in the last 12 months, and Los Angeles and Orange counties’ price appreciation was 5.5 percent. The national median house price rose 5.1 percent in the same time frame.
Nationally, Portland had the biggest price increase year-over-year by 12.4 percent, followed by Seattle at 11.2 percent and Denver at 9.4 percent. The lowest increases were in Washington, D.C., at 2 percent and New York at 1.7 percent.