The San Diego Case-Shiller Index rose 9.2% year-over-year.
While a 9.2% increase in home prices would have been shocking a year ago, we have come to expect it today.
The month-over-month increase was 1.07%, which should be about what we see for the rest of 2013. If the Case-Shiller Index didn’t exclude flips owned less than six months, the number would be even higher.
Today’s SA reading is 14.2% higher than the trough reached in April, 2009.
Both the seasonally-adjusted, and non-seasonally-adjusted numbers rose by the same percentage, which has happened the last few months.