San Diego Case-Shiller Index, April

by | Jun 25, 2019 | Jim's Take on the Market, Same-House Sales | 1 comment

Yesterday’s Zillow index showed San Diego’s pricing to be fairly flat, and now April’s Case-Shiller Index has a similar-sounding +0.8% increase year-over-year.

We’ve bounced back from six months of negative readings, just to get back to where we were last year – and we’re still not as high as the June and July 2018 readings:

San Diego Non-Seasonally-Adjusted CSI changes:

Observation Month
SD CSI
M-o-M chg
Y-o-Y chg
January ’18
248.16
+0.8%
+7.3%
February
250.91
+1.1%
+7.5%
March
253.41
+1.0%
+7.6%
April
255.63
+0.9%
+7.7%
May
257.07
+0.6%
+7.3%
Jun
258.44
+0.6%
+6.9%
Jul
258.49
0.0%
+6.2%
Aug
257.32
-0.5%
+4.7%
Sept
256.13
-0.4%
+3.9%
Oct
255.26
-0.1%
+3.7%
Nov
253.37
-0.6%
+3.3%
Dec
251.68
-0.7%
+2.3%
January ’19
251.30
-0.2%
+1.3%
Feb
253.66
+0.9%
+1.1%
Mar
256.39
+1.2%
+1.3%
Apr
257.68
+0.5%
+0.8%

The high-tier index is similar with just a +0.5% increase over last April, and not as high as June, 2018:

From cnbc:

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1 Comment

  1. Rob_Dawg
    Rob_Dawg on June 25, 2019 at 9:12 am

    Given the recent return of ultra low rates, prices merely flat is worrisome. If there’s an interest rate “spike” all the way up close to historic lows we could see the market (volume and prices) fall out of bed.

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