San Luis Obispo County home prices continued to increase steadily in May, while sales saw a marked increase over last year.
The county’s median home price — meaning that half of the homes sold for more and half sold for less — rose to $543,500, up 5.5 percent from May 2016, according to CoreLogic, an Irvine-based data company.
Home sales are subject to seasonal changes, so it’s frequently more accurate to compare prices year-over-year rather than month-over-month.
Median home prices varied widely in towns throughout San Luis Obispo County in May. Pismo Beach topped the list with a median price of $830,000, while Shandon had the least expensive median home price at $230,000. San Luis Obispo’s median home price was $630,000.
Countywide, total sales — which include resale single-family houses, new houses and condos — were 440 in May, up 8.4 percent from 406 a year ago.
About 80 percent of all homes sold in the county in May were resale single-family houses, with condos making up nearly 14 percent and new houses about 7 percent.
Resale houses sold for a median price of $565,000, up nearly 6 percent from May 2016. New houses sold for a median price of $445,000, down about 22 percent from the year-earlier period.
Median-priced condos sold for $400,000, up nearly 4 percent.
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