We stopped our two-month stumble and got back into the positive, MoM, and wrapped up 2017 with a solid 7.4% increase in the index for the year:

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
246.61
+0.5%
+8.2%
Oct
246.58
+0.0%
+8.1%
Nov
245.74
-0.3%
+7.4%
Dec
246.29
+0.2%
+7.4%

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

From David Blitzer:

“The rise in home prices should be causing the same nervous wonder aimed at the stock market after its recent bout of volatility,” David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a release.

“Across the 20 cities covered by S&P Corelogic Case Shiller Home Price Indices, the average increase from the financial crisis low is 62 percent; over the same period, inflation was 12.4 percent. Even considering the recovery from the financial crisis, we are experiencing a boom in home prices.”

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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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