- U-T photo
According to Realtor.com, San Diego has been on the comeback trail for more than a year.
San Diego is one of the top metro areas in the country where a housing recovery is either imminent or underway, according to a report by Realtor.com, which tracks real estate markets across the nation.
Based on online real estate searches, price stability and the number of days that homes are listed for sale, Realtor.com, which released the report on Wednesday, developed a list of the 10 likeliest sites for an early rebound, ranging from Dallas, which largely avoided the real estate crash, to Fort Myers, Fla., which - like San Diego - was one of the earliest epicenters of the decline.
According to Realtor.com, San Diego has been on the comeback trail for more than a year. Among other things, the report noted that:
--The median age of inventory for San Diego listings on the market in March was 79 days, about half the national median of 160 days, and almost 16 percent lower than in February.
--San Diego was the 15th most searched market in the nation in February and March.
--The median list price rose 1.4 percent between February and March, although it is still down 1.4 percent from March 2010.
Some other measures suggest that San Diego's real estate market is still shaky. DataQuick Information Systems in La Jolla, for instance, reports that sales volume in March was 5 percent lower than a year ago.
On the other hand, foreclosures have dropped 6 percent in San Diego County over the past year and defaults are down 23 percent, putting less downward pressure on prices.
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