San Diego Case-Shiller Index, February

by | Apr 25, 2017 | Jim's Take on the Market, Same-House Sales | 1 comment

If we stay on the same pace we’ve had for the first two months of 2017, our local C-S index will rise about 10% this year!  Blitzy just kills it with this quote:

David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said the low stock of existing homes for sale — currently about 3.8 months worth of supply at current sales rates — is bolstering the price increases across the board.

“Housing affordability has declined since 2012 as the pressure of higher prices has been a larger factor than stable to lower mortgage rates,” Blitzer added.

The cities with the biggest annual price gains in February were Seattle, Portland, Oregon and Dallas, according to the groups’ index.

San Diego Non-Seasonally-Adjusted CSI changes:

Month
CSI-SD
M-o-M chg
Y-o-Y chg
December
203.45
-0.3%
+5.0%
January ’15
204.67
+0.6%
+5.0%
February
205.94
+0.6%
+4.6%
March
208.52
+1.2%
+4.6%
April
209.78
+0.6%
+4.5%
May
211.57
+0.9%
+4.8%
June
212.09
+0.3%
+4.6%
July
214.58
+1.1%
+5.4%
August
215.34
+0.3%
+5.9%
September
216.48
+0.6%
+6.6%
October
215.62
-0.3%
+6.2%
November
216.35
+0.3%
+6.0%
December
217.67
+0.7%
+7.2%
January ’16
218.79
+0.4%
+6.9%
February
219.00
+0.1%
+6.4%
March
221.34
+1.0%
+6.2%
April
222.99
+0.8%
+6.3%
May
225.10
+0.9%
+6.4%
June
226.10
+0.3%
+6.4%
July
227.53
+0.6%
+6.0%
August
227.86
+0.1%
+5.8%
September
227.98
+0.1%
+5.3%
October
228.34
+0.2%
+5.9%
November
228.89
+0.2%
+5.8%
December
229.41
+0.2%
+5.4%
January
231.21
+0.8%
+5.7%
February
233.31
+0.9%
+6.5%

The highest reading of the San Diego NSA CSI was 250.34 in November, 2005.

The most-recent low point was 144.43 in April, 2009.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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