The number of homes sold in San Luis Obispo County in August fell year over year across all categories, including new homes, resale single-family homes and condos.
But the overall median home price rose 3.5 percent to $440,000 — continuing the trend of higher prices but fewer sales.
The total number of homes sold fell 15.4 percent to 324 units in August, compared with 383 in the same month a year ago, according to DataQuick of San Diego. That’s the fewest number of homes sold in an August since 2011, when 306 units were sold countywide.
Sales of single-family resale homes fell 16.9 percent year over year to 250 units, while new home sales fell by 24.1 percent to 22 units, and condo sales fell by 1.9 percent to 52 units. The latter categories are subject to large swings because the numbers are so small.
More than 77 percent of all homes sold last month were resale single-family homes.
Figures are compared year-over-year because of the seasonal nature of home sales.
The median price of homes sold in San Luis Obispo County increased across all but one category in August, compared with the year before. The median is the midpoint at which half of the houses sold for more and half for less.
The median price of a resale single-family home increased to $442,000 — the highest August since 2007 when the resale single-family home price hit $572,500.
In other categories, the median price increased to $618,500 for a new home in the county, compared with $442,750 in August 2013, but the price of a condo decreased by 2.2 percent to $337,500.
California reported a similar trend in August — the total number of homes sold decreased by 12.5 percent year over year to 37,228 units sold, while the median price increased by 8.9 percent to $393,000.