The Case-Shiller Index is out for September.
In San Diego it dropped 1% from August, the second consecutive monthly decline.
What will it mean?
It’ll mean homebuyers will want to wait some more.
San Diego C-S Index gain/loss since:
1 year ago: +4.96%
2 years ago: -1.03%
3 years ago: -27.10%
Will the wait be worth it?
The county’s general pricing trend is too vague to help those who are trying to buy in a specific neighborhood. Monitor the smaller samples, and occasionally you’ll see a deal drop from the current group of overly-exuberant sellers.
