Lack of homes for sale is the reason San Diego continues to be an expensive market even with interest rates in the mid to high 7 percent range. Prices were up 3.9 percent nationwide annually for the period ending in September according to recent S&P/Case-Shiller report. In San Diego the increase was 6.5 percent for the period. This was just behind Detroit on the 20 city report, which was at 6.7 percent. It is important to note Detroit's median price was $183,000 in September whereas San Diego County was in the $850,000 - $900,00 range. At the bottom of the list was Phoenix at -1.2 percent annually.
Don't forget to pay your property taxes