June 14, 2011 3:03 PM
The High Desert housing market in May mirrored that of Southern California overall, where median home prices saw the largest year-over-year drop in 20 months.
Local home prices last month decreased by 9.4 percent compared to May 2010 and 3.1 percent from April, according to a data compiled by Larry Trombley of Century 21 Rose Realty in Hesperia. The average price in May for the High Desert was $59.66 per square foot, down from $65.88 at the same time last year.
The median home price in Southern California dropped 8.2 percent during the same period, according to San Diego-based DataQuick.
But Trombley attributed the decline to last year’s tax break, which prompted home buyers to rush to the market.
“I think that helped raised the price and sales (last year),” he said. “I honestly don’t see anything to be concerned about. We have a leveled market.”
For more about High Desert home sales, read the full story in Wednesday’s Daily Press. Get complete stories every day with the “exactly as printed” Daily Press E-edition, only $5 per month! Click here to try it free for 7 days. To subscribe to the Daily Press in print or online, call (760) 241-7755, 1-800-553-2006 or click here.
Tomoya Shimura may be reached at (760) 955-5368 or tshimura@VVDailyPress.com.