San Diego County's median home price hit its highest price in history in July 2018, $579,750, while sales hit a four-year low, real estate tracker CoreLogic reported.
The previous record was $575,000 in May. Home prices have been breaking records on nearly a month-to-month basis all year. As of July, home prices had increased 8 percent in a year — the most of any Southern California county.
Home sales hit its lowest point in years in July with 3,607 sales. The last time sales were that low was July 2014, when the county was still coming out of the housing bust, when there were 3,530 sales.
Affordability constraints for many potential buyers could be the reason why...