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Zillow's August report shows San Diego home values dropping faster than the nation's — but local home values remain among the highest. The median price of San Diego area homes is $347,300, says Zillow. Only New York, Los Angeles, and San Francisco are higher among the top 25 markets. San Diego prices dropped 0.3% in August versus a 0.1% rise for the nation. San Diego prices are down 5.8% over the year versus minus 4.5% for the nation. San Diego home vales have declined 35.3% from their peak. Nationally, the figure is minus 28.3%. Foreclosure rate: 12.6 per 10,000 homes in San Diego, 9.2 nationally.
Zillow's August report shows San Diego home values dropping faster than the nation's — but local home values remain among the highest. The median price of San Diego area homes is $347,300, says Zillow. Only New York, Los Angeles, and San Francisco are higher among the top 25 markets. San Diego prices dropped 0.3% in August versus a 0.1% rise for the nation. San Diego prices are down 5.8% over the year versus minus 4.5% for the nation. San Diego home vales have declined 35.3% from their peak. Nationally, the figure is minus 28.3%. Foreclosure rate: 12.6 per 10,000 homes in San Diego, 9.2 nationally.