The June reading of the non-seasonally-adjusted San Diego Case-Shiller Index increased +0.3% month-over-month, which was the same as last June.
Judging by the more-current graph at the bottom, we have already arrived in flatsville, and we can probably expect tepid results from our Case-Shiller Index for the remainder of 2016.
“Overall, residential real estate and housing is in good shape. Sales of existing homes are at running at about 5.5 million units annually with inventory levels under five months, indicating a fairly tight market,” David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.
Portland, Oregon, led the gainers with price appreciation of 12.6 percent. Seattle followed with an 11 percent increase, and Denver came in third with a 9.2 percent gain.
“In the strongest region, the Pacific Northwest, prices are rising at more than 10 percent; in the slower Northeast, prices are climbing a bit faster than inflation,” Blitzer said.
Here are the recent San Diego NSA changes: