Home prices and sales in San Luis Obispo County grew year over year this November—continuing what is now a seven-month trend of rising home values.
Last month, the median price for all homes in the county grew 4.4 percent from the same month in 2011, rising to $370,500, according to figures released by real-estate tracker DataQuick. In November 2011, prices had fallen 2.7 percent from the previous year to $355,000. The firm recorded a peak median for county homes of $585,000 in June 2006.
The statewide median price paid for a home last month was $291,000, up 2.1 percent from $285,000 in October and up 19.3 percent from $244,000 in November 2011. The median is the midpoint of home prices, where half of the residences sold for more and half for less.
In San Luis Obispo County, home sales overall grew 7.3 percent year-over-year to 266 in November. It marked the tenth consecutive month in which more homes were sold than for the same month of 2011.
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