Sign On San Diego - "Slide in housing prices halts, and buyers reduce inventory" (11-14-06)

"San Diego County's housing price slide reversed course last month and brought the median up $9,000 from September to $485,000, DataQuick Information Systems reported yesterday."

“Buyers can only stand on the sidelines so long when interest rates are 6.25 to 6.50 percent,” said Charles Jolly, president of the San Diego Association of Realtors. “There's been enough information in the media indicating that buyers can negotiate and prices have softened.”