The local index increased to 419.08 in August, and is angling towards the all-time high of 427.80 reached in May, 2022. Even if the increases slow the rest of the year, we should get back into record territory by the time the 2024 home-selling season begins. The San...
The local index is about where it was last month AND last year at this time. It is 3% below the peak of last May, and +9.6% year-to-date. It wouldn't surprise me if it slides downward ~3% the rest of 2023, then up ~3% in the first half of 2024, then down ~3% in the...
The San Diego Case-Shiller index has the largest YTD increase in America, and is the only higher-end market with a 50%-plus increase since March, 2020! A whopping 53.75% increase in three-and-a-half years!
Higher mortgage rates caused the San Diego Case-Shiller index to take a tumble last summer. The decline moderated towards the end of the year and bottomed in January. Since then, it went up 9.3%, which is pretty good appreciation for five months! July and August will...
The Case-Shiller Index has risen more this year in San Diego than in any other metro area! Could we end up being the most expensive metro in the country some day? It could happen, and it would be a return to the top spot, according to Channel 8 - check the first 30...
I doubt we'll ever see this again. Even though we've had healthy gains in 2023, the YoY declines makes it look like we're going backwards because the index was rising so quickly last year. Hard to imagine any more MoM gains of 3.8% or 4.6%! April's index is about the...
Our YoY change is more negative this month because in early-2022 it was flying - the local Case-Shiller Index went up 11% between January and April last year! We had the second-highest MoM gain in the country: Here's another guy who ignores the seasonal trends and...
In spite of higher rates, the spring selling season has delivered, though the second half of 2023 is TBD. Thanks Steve Harney and Ryan Lundquist for the graphics!
For those who like to look back fondly at ancient history and reminisce about what used to be, I present to you the local Case-Shiller Index. About the time that the market starts to sputter in mid-to-late summer, we will be getting the spring data that will look red...
Here we go - the first negative year-over-year reading! The index will probably stay negative for another one or two readings, then level off and maybe rise during the spring - but we won't know until summer due to the lag in reporting. Any gain during the spring...
