San Diego median home price drops to $537750 in July – The San Diego Union

The San Diego median home price cooled slightly in July, ending a three-month streak of record-breaking peaks.

The $537,750 median dropped nearly $6,000 from last month but still increased 8.6 percent in a year, CoreLogic reported Tuesday.

Experts attribute the high prices to a lack of homes for sale and intense demand. The relatively small reduction in home prices from last month does not have anyone thinking prices are heading south.

“I don’t see anything pushing prices back at this point,” said Mark Goldman, a finance and real estate expert at San Diego State University.