San Diego's recuperating housing market continues to thrive. So much so that sales actually reached their best numbers is eight years during the month of July. Real estate prices have remained firm and 25,419 homes and condos were purchased last month within Southern California. What that equals is 17.6% increase from June, as well as 23.5% in contrast to one year previous. Sales numbers were only 0.5% less than normal levels for the month of July.

With January and February already behind us, the first three months of 2013 are certainly shaping up to be interesting in regard to San Diego real estate. What is in store for March? Higher home prices and even less inventory are likely to be the main challenges for San Diego home buyers.

September has been a memorable month for the housing market as near record levels of investors and other cash home buyers was recorded. Continuing lower mortgage rates and an overall healthier housing market should also be noted. A rise in median home prices continues in the San Diego area, as economic recovery continues and the supply of available homes continues to shrink. Another reason for the rise is the decrease in foreclosed property purchases.