San Diego is No. 7 in home-price increase

San Diego is No. 7 in home-price increase

Mid-August median $429,900, up 25 % from year-ago levels, ZipRealty says

San Diego County ranked seventh nationally last month in home-price increase, ZipRealty reported Thursday.

Local prices rose 25 percent year-over-year to reach $429,900 in mid-August. The median stood at $430,000 in July and $345,000 in August 2012, with the median representing the halfway point among all resales.

The local market, which ranked third in July among 24 top cities, gave ground in August to Sacramento, whose  median price rose 40 percent to $245,000 from mid-July 2012 levels. San Francisco and Los Angeles markets also rose faster, up 36 percent to $585,000 and 31 percent to $350,000, respectively.

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