With September starting on Friday, the June report feels a bit historical, especially when it is a weighted three-month average.  But it shows that the first half of 2017 was strong sellers’ market in San Diego:

San Diego Non-Seasonally-Adjusted CSI changes:

January ’17
231.21
+0.8%
+5.7%
February
233.31
+0.9%
+6.5%
March
235.61
+1.0%
+6.4%
April
237.59
+0.9%
+6.6%
May
239.84
+0.9%
+6.5%
June
241.96
+0.9%
+7.0%

At this rate (+5.4% in six months), we’re going to set a new record this year!

The highest reading of the San Diego NSA CSI was 250.34 in November, 2005.

The most-recent low point was 144.43 in April, 2009.

“The trend of increasing home prices is continuing,” David Blitzer, chairman of the S&P index committee, said in a statement. “Price increases are supported by a tight housing market” with both the number of homes for sale and days a house is on the market declining for the past four to five years.

“Rising prices are the principal factor driving affordability down,” Blitzer said.

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