July 15, 2024

June home prices move up

San Diego real estate San Diego home pricesThe June home prices in the 20-city S&P/Case-Shiller index was up 4.5%.

The city with the largest home price increase for June was Denver with a 10.2% year-over-year increase. This was followed by San Francisco with a 9.5% increase and Dallas with a 8.2% rise.

Within the 20-city index, eleven cities showed home prices in June 2015.

For San Diego home prices, the S&P/Case-Shiller index showed change of -0.23% from May and 4.59% from one year ago. Does this indicate that the San Diego real estate market may be cooling off? Well, it’s really too early to say for sure until we see what the September Case Shiller index reports. bbut, with that said, I don’t think it’s a good sign that in the hottest seasonal. For real estate sales case Shiller showed that San Diego home prices were actually off  by a modest quarter of a percent.

*Note: -These indices are not inflation adjusted. There are three composite S&P/Case-Shiller Home Price Indices, one comprised of price changes within all 20 metropolitan markets for which MacroMarkets LLC and S&P have launched an index (the S&P/Case-Shiller Composite-20 Home Price Index), and another comprised of price changes within the following subset of 10 metropolitan markets (the S&P/Case-Shiller Composite-10 Home Price Index):: Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington DC. In addition to those 10 markets, the S&P/Case-Shiller Composite-20 Home Price Index reflects price changes for Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland, Seattle, and Tampa. Please see http://www.spindices.com/index-family/real-estate/sp-case-shiller for more info. On a quarterly basis the S&P/ Case-Shiller US National is also released. It is the broadest national measurement of home prices, with coverage going beyond the 20 MSAs that make up the composites.For more information on the S&P/Case-ShilIer Home Price Indexes, see www.homeprice.standardandpoors.com Please note that this Index has all available history from source.

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June Home Price