San Diego County's median home price hit a record high of $865,000 — despite rising mortgage rates. The median price was up 9.5 percent in a year in March, said CoreLogic data released Monday and up from the previous peak of $850,000 in November. San Diego County was part of a trend of rising home prices across Southern California as dedicated buyers competed over few homes for sale. Despite the jump, there was little change in the number of sales or home inventory.
O'Brien said interest rates are on buyers' minds and there is a lot more scrutiny of numbers — but the home shoppers in the market now tend to be determined. 'People who are interested in buying are definitely in the market to buy,' she said. 'People are tired of waiting. If they want to buy, they are going to figure it out.' Rising rates are playing out somewhat differently in other parts of the nation.