According to San Diego Metro, the median sales price for a detached, single-family home in North San Diego County increased by 4.6 percent over the last year. Last October, the median sales price was $650,000, while this October it stretched to $680,000.

“Last year at this time, the storyline was how high demand was propping up sales prices despite low inventory,” North San Diego County Association of Realtors Michael Carunchio told the Metro. “Today, home prices have reached nearly unaffordable levels for many new potential home buyers while established owners are less interested in moving.”

An increase also occurred for attached home prices, which rose 2.1 percent. In October 2016, the median home price was $405,000, whereas this year it’s now $413,500.

Closed sales have experienced a drop as well. Attached home sales totaled 393 in October last year compared to 345 this year. Detached units did not fare much better, with 951 units sold last October to just 841 in 2017.

“Although inventory levels are low in many neighborhoods, there has been enough listing activity to keep prices from skyrocketing towards another bubble,” Carunchio added. “However, with a healthy economy and high level of demand, plus growing job creation, sellers will be hard-pressed to lower prices.”

See the full report here.