The latest Case-Shiller Index comes out tomorrow, and CR is expecting the non-adjusted national numbers to start declining, like they usually do this time of year:
Tomorrow’s C-S Index will be the September, 2012 report, and based on weighted same-house sales in July, August, and September. Because we’ve been having a late season flurry, the San Diego index might beat the odds and keep increasing (slightly) through the rest of 2012.
Here are the November detached-home sales from La Jolla-to-Carlsbad:
|Year||# of Sales||Avg. $/sf|
Last week, the county said they were setting volume records for transaction-recordings-for-the-two-days-before-Thanksgiving. Once we complete the remaining five days of this week, plus the MLS late-reporters, this month’s NSDCC detached-home sales should be over 200.
If the $417/sf holds up, we’ll see some startling San Diego Case-Shiller Index reports just about the time that the spring selling season kicks off!