According to the S&P/Case-Shiller Home Price IndexHome, San Diego County prices began to flatten out this summer, but their jump over the last 12 months is the largest in any yearlong period since March 2005.
David Blitzer, chairman of the index committee at S&P Dow Jones, said an increase in interest rates in May could be a reason for demand for housing to decline. All 20 cities on the index saw monthly increases, but fifteen of those gains were smaller from the month before.
Across the country, the biggest jump in the Case-Shiller index came in Las Vegas, which saw its index increase 27.5 percent from July to July. San Francisco came in second with a 24.8 percent increase, while Los Angeles came in third, one spot ahead of San Diego, at a 20.8 percent year-to-year jump.
That said, if you have been thinking of selling your property and moving up this might be your opportunity. Call us today to give you a detailed market analysis and estimate of how much your home is worth atÂ 619-665-5360Â or emailÂ Jason@MetroSDRealty.com