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SAN DIEGO—
Home sales in San Diego County rose 7.5 percent in
November compared to the same time last year, but were down 17.4 percent from
the previous month, according to figures released Tuesday.The median price of an existing single-family home in San Diego County last month was $376,450, up 9 percent from $345,390 in November of last year, but down 0.6 percent from $378,540 in October, according to the California Association of Realtors.
Statewide, home sales increased 26.3 percent in November, compared to the same month a year ago, but were down 14.8 percent from the previous month, according to CAR.
"First-time buyers continued to drive the market in November, as many opened escrow to take advantage of the federal tax credit prior to its original November 30 expiration,'' said CAR President Steve Goddard. "The extension and expansion of the tax credit until April 30, 2010, along with low interest rates, should continue to positively impact the market in coming months.''
