The median price per square foot of San Diego resale homes was somewhat
mixed last month: up .2% for single family homes, but down 1.7% for
condos, and down .3% in aggregate.
When in doubt, single family homes prevail due to their lower
so we why don’t we call this one flat for the month.
The plain vanilla median actually declined for both property types, but
this was after a big rise in March.
The increase in the median price per square foot over the past few
months makes for a slight tick up in the Case-Shiller proxy (this is
mostly due to the big January decline falling out of the calculation):
Here are the price per square foot and CS proxy graphs aligned with
Sales were down slightly from the prior month and up ever so slightly
from a year ago:
Pendings were also down, and are right atop last year’s levels:
Inventory continued its slow rise:
Months of inventory increased slightly, but at 4.9 months it was still
enough to a level that is
conducive to price increases (or at least an absence of price
about the housing market (many of them based on lagging indicators), it
appears that the San Diego market is hanging in there thus far in the