San Diego Case-Shiller Index, August 2024

It is typical for pricing to be softer towards the end of the year.

In 2023, the decline was limited to the last three months, but this year it started much earlier and the drop has already matched last year’s total decline with four readings to go!

The monthly declines will probably be similar (-0.7%) so the index may drop another 3% to 4% in 2024 – which we won’t know for sure until the end of February.

Let’s note in the green box above how this year got off to a very fast start, and that literally in 2024, the FIRST QUARTER WAS THE BEST TIME TO SELL YOUR HOME!

It will be similar in 2025!

For the January reading to be +1.9%, it means buyers were active in December – wow!