The market continues its slow and steady climb
A recent 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.
Prudential California Realty
North San Diego County and Carlsbad Real Estate