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Our index showed the smallest monthly gain of the year in September, and it seals our fate – we’re not going to have double-digit appreciation this year.  But the 8.2% gain we are tracking year-over-year still looks pretty good!

“Most economic indicators suggest that home prices can see further gains,” S&P Dow Jones indexes managing director David Blitzer said, before adding the index is rising “at the fastest annual rate since June 2014.”

Seasonally adjusted, 13 of the 20 cities in the composite reported price increases in the year ending September 2017. Seattle, Las Vegas, and San Diego reported the highest year-over-year gains among the 20 cities.

San Diego Non-Seasonally-Adjusted CSI changes:

January ’17
231.21
+0.8%
+5.7%
February
233.31
+0.9%
+6.5%
March
235.61
+1.0%
+6.4%
April
237.48
+0.8%
+6.6%
May
239.84
+1.0%
+6.5%
June
241.96
+0.9%
+7.0%
Jul
243.48
+0.6%
+7.1%
Aug
245.55
+0.9%
+7.8%
Sept
246.66
+0.5%
+8.2%

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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