More San Diego homes seeing price cuts

SAN DIEGO (KGTV) — San Diegans could see a bit of relief from rising housing costs, according to a Zillow housing report.

The report claims that 20 percent of listings in June saw a price cut, compared to 12 percent of homes that had their prices cut a year.

Similarly, the increase in home values has slowed, and is expected to see even slower growth over the next year.

While the rise in home values has seen a slight decrease, they’re still on the rise. That combines with higher interest rates means San Diegans still pay much more for housing than the US average.

The median home value in the US is currently $217,300. Meanwhile in San Diego, the median home value is $583,700, according to Zillow.

Original published: 2018-08-16 23:12:14 Read the full San Diego News here


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