Real estate prices go up, while volume points to a softening market

FALLBROOK – Home prices rose while other metrics revealed slowing real estate activity in two prime North San Diego County housing markets, Jerry Kalman, a real estate agent with HomeSmart Legends here, reported Sept. 6.

“There was some heavy discounting, particularly among properties that languished on the market. About one-fourth of the 63 sales in August were equal to or better than the original asking price,” Kalman said. “All but one of those that sold at a premium price went into escrow within 30 days of when they were listed.”

Market times for properties remaining on the market as well...