The local Case-Shiller Index for April rose again, which makes you wonder how big the 2020 selling season could have been without the 'rona - though if more sellers would have listed their home for sale, and rates were higher, the price increases probably wouldn't...
The local Case-Shiller Index for March had the biggest monthly increase in 2+ years, and helps to show why we are getting back to a healthy market quickly. March is usually a strong month though: San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI...
The first flip we've seen since the 'rona hit. This listed for $899,000 on March 25th, and sold for $950,000:
This year's month-over-month gain in San Diego is about half of what it was in February 2018 & 2019. "The big question now, is how quickly the home listings will awaken after the pause or will unemployment drag down purchase activity going forward. If buyers come...
My guess is that NSDCC sales will drop by at least 60% in 2Q20, and our price gauges fall 5% - sellers won't tolerate any more than that, and they will wait it out instead. “As has been the case since mid-2019, after a long period of decelerating price increases, the...
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%...
Comparing to the dreadful end of 2018 doesn't tell us much, but at least we had a positive move between October and November - we're almost back to where we were in September! San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI M-o-M chg Y-o-Y chg...
An excerpt from Bill's post today: Since this post (in July, 2018), existing home sales have mostly moved sideways, and both new home sales and single family starts have hit new cycle highs. Here is the graph I like to use to track tops and bottoms for housing...
Above is the non-seasonally-adjusted San Diego Case-Shiller Index for the last ten years. We had slight drop in the October index (the lower mortgage rates have kept us about even with last year) but in this decade we had a 64% increase! San Diego...
Our index stayed flat, which is better than last year! 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...
