San Diego Housing Market News and Analysis
Home Price Bounce Falters at the High End
Submitted by Rich Toscano on November 24, 2009 - 7:59pm
The Case-Shiller index numbers for September are in. As had been suggested by the median price data, the aggregate Case-Shiller index ended up rising for another month.
There was an interesting divergence, however. The aggregate index rose by .9 percent between August and September, while the low and medium price tiers each rose by 1.8 percent. But the high-priced tier actually dropped by .9 percent. This is the first drop in any of the index tiers since the price bounce began in early 2009.
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