The number of home sales in San Luis Obispo County rose slightly in November, while the overall median price of those homes continued to show more significant growth.
The total number of homes sold — including new homes, resale single-family homes and condos — was 297 in November, up 1 percent over the same month a year ago when 294 units were sold, according to Irvine-based data company CoreLogic.
The overall median home price rose 13.8 percent to $500,000 in November from $439,500 a year earlier.
The median is the midpoint at which half of the houses sold for more and half for less. Figures are compared year over year because of the seasonal nature of home sales.
Sign Up and Save
Get six months of free digital access to The Tribune
CoreLogic does not provide data on the overall California housing market, but the California Association of Realtors reported that closed-escrow sales of existing, single-family detached homes in the state totaled a seasonally adjusted 369,680 units in November, down 1.6 percent from November 2014.
This marked the first time statewide sales fell below the 400,000 unit mark in the past eight months.
Although the number of statewide home sales fell, the median price of those homes increased year-over-year. The association reported the median price of a resale single-family detached home was $475,000 in November, 6.8 percent higher than the revised $444,630 recorded in November 2014.
In San Luis Obispo County, 75.1 percent of total sales were resale single-family homes, according to CoreLogic. Resale single-family home sales decreased 1.3 percent to 223 units sold in November, while the median price rose by 15.4 percent to $510,000.
CoreLogic monitors sales of condos and new homes, though percentages on those are subject to large fluctuations because the number of sales are relatively small.
The number of condos sold in the county was 32 units, up 3.2 percent from 31 in November 2014. The median price for condos was $323,250, up 5.1 percent from a year ago.
Sales of new homes increased by 13.5 percent in November, with 42 units sold, compared with 37 the previous year. The median price of new homes sold increased by 16.2 percent year over year to $662,750.