The San Diego Case-Shiller Index dropped for the third month in a row, and is now almost 1% below where it was in June. It’s not a surprise to hear that we have tougher sledding in the off-season (see above).
We will probably lose another 1% or 2% between now and Spring, 2019, which would put the index back to about where it was in February.
What happens in next year’s selling season will be the real test.
San Diego Non-Seasonally-Adjusted CSI changes:
The previous peak was 250.34 in November, 2005.