San Luis Obispo County’s home prices continued to climb in June, while sales declined.
The county’s median home price — meaning that half of the homes sold for more and half sold for less — was $504,500, up 0.9 percent from June 2016, according to CoreLogic, an Irvine-based data company. The median price was down about 7 percent from May, when it was $543,500.
Analysts typically compare prices year-over-year, rather than month-over-month, because sales are subject to seasonal changes.
Overall home sales — which include resale single-family houses, new houses and condos — slipped. Four hundred forty-one houses were sold in June, compared to 465 during the same month last year.
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About 79 percent of all county homes sold in June were resale homes, with condos making up 12 percent and new houses about 9 percent.
Resale homes sold for a median price of $525,000, up nearly 3 percent from June 2016. Condos sold for a median price of $399,000, an increase of about 2 percent from last year. New homes sold for a median price of $445,000, down 25.5 percent from last June.
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