The San Diego Case-Shiller Index dropped for the fourth month in a row, and was about the same as it was in April. We will probably keep heading downward for the next few months, but at least the latest reading wasn’t as bad as the last two months – only down 0.1%!

We will probably lose another 1% or 2% between now and Spring, 2019, which would put the index back to about where it was in February.

What happens in next year’s selling season will be the real test.

San Diego Non-Seasonally-Adjusted CSI changes:

Reporting Month
SD CSI
M-o-M chg
Y-o-Y chg
January ’17
231.21
+0.8%
+5.7%
February
233.31
+0.9%
+6.5%
March
235.61
+1.0%
+6.4%
April
237.48
+0.8%
+6.6%
May
239.84
+1.0%
+6.5%
June
241.96
+0.9%
+7.0%
Jul
243.48
+0.6%
+7.1%
Aug
245.55
+0.9%
+7.8%
Sept
246.61
+0.5%
+8.2%
Oct
246.58
+0.0%
+8.1%
Nov
245.74
-0.3%
+7.4%
Dec
246.29
+0.2%
+7.4%
January ’18
248.16
+0.8%
+7.3%
February
250.91
+1.1%
+7.5%
March
253.41
+1.0%
+7.6%
April
255.63
+0.9%
+7.7%
May
257.07
+0.6%
+7.3%
Jun
258.48
+0.6%
+6.9%
Jul
258.41
0.0%
+6.2%
Aug
257.18
-0.5%
+4.7%
Sept
256.06
-0.4%
+3.9%
Oct
255.76
-0.1%
+3.7%

The previous peak was 250.34 in November, 2005.

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