San Diego leads nation in rising home prices

By Roger Showley, UNION-TRIBUNE STAFF WRITER
Monday, May 10, 2010 at 12:04 a.m.

Online: For the complete real estate report, go to zillow.com/local-info.

San Diego County led the nation in rising home values in March even though prices nationwide dropped 3.8 percent, according to a report released today by Zillow.com.

The Seattle-based company, which provides consumers with estimates of specific home prices in addition to trends, said San Diego County values rose 3.7 percent to $364,800 compared with March 2009.

Five other markets, including four in California, showed a year-over-year increase out of 27 tracked.

“Home values in those markets have risen significantly for at least the past 10 months after values in all five markets reached a low point in April or May 2009,â€