S&P/Case-Shiller Index shows prices increasing
Prices up yet again in San Diego
An article in the San Diego Daily Transcript reported that the monthly S&P/Case-Shiller Index for May was just released. The data shows that home prices in San Diego increased in May over April by an average of 1%. This follows the 1.4% increase from March to April. In addition, home prices across the nation rose by an average of 2.2% from April to May.
In comparing last year’s prices to this year’s prices, we are 1.1% lower this May compared to May 2011. It does indeed seem as though we are bouncing along the bottom of the market.
Bryan & Allison Devore
Prudential California Realty
North San Diego County and Carlsbad Real Estate
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