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sep 14

We’ve doubled the number of negative readings of the local Case-Shiller Index, and they are picking up steam!

But seriously, any monthly change of less than 1% just means prices are stagnant, and in San Diego it’s been like that since the April reading.  If prices were flat during the prime selling season, we’re probably fortunate that they’ve held up this long.

Economist Robert Shiller told CNBC’s “Squawk on the Street” the reading was not exciting, and he noted that the winter season is historically slow for home sales.  ”We haven’t expected exciting growth for a while, but it does look like seasonally adjusted home prices are still growing,” he said.

These are the Case-Shiller Index NSA changes below for San Diego:

Month
M-O-M
Y-O-Y
Jan ’13
-1.0%
+9.8%
Feb ’13
+1.0%
+10.2%
March ’13
+2.0%
+12.1%
April ’13
+2.8%
+14.7%
May ’13
+3.2%
+17.3%
June ’13
+2.8%
+19.3%
July ’13
+2.0%
+20.4%
August ’13
+1.8%
+21.5%
September ’13
+0.9%
+20.9%
October ’13
+0.3%
+19.7%
November ’13
+0.0%
+18.7%
December ’13
-0.1%
+18.0%
January ’14
+0.6%
+19.4%
February ’14
+1.0%
+19.9%
March ’14
+1.3%
+18.9%
April ’14
+0.8%
+15.3%
May ’14
+0.5%
+12.4%
June ’14
+0.68%
+10.2%
July ’14
+0.34%
+8.3%
August ’14
-0.08%
+6.2%
September ’14
-0.13%
+5.1%

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