San Diego Median $405,000 Highest Ever - 2004-01-15
San Diego County housing prices jumped 17.3 percent in 2003, ending the year with a median above $400,000 for the first time. Sales last year totaled 59,526 homes, the highest since the boom year of 1988, and 8.4 percent ahead of last year.
UCSD economist Ross Starr said the relatively strong local economy, limited supply of housing and the lowest mortgage interest rates in memory combined last year to make many buyers out of renters.
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