If you think home price gains in San Diego are off the chart, you should see Phoenix. While the increase is difficult for people who live in those cities, it’s much less expensive than San Diego. Analysts think the San Diego metro area (which includes all of San Diego County) may not see as much of a knock from rising rates. Almost 27 percent of San Diego County home sales were in cash in the third quarter — the highest in seven years. The median price for a resale single-family house in San Diego County in November was $820,500.

Source: Forbes January 25, 2022 23:47 UTC