The July update of the Case-Shiller San Diego home price index is in. The index increased by 2.5 percent from June — a substantial (if expected) one-month bounce.
As usual, Kelly has done a nice writeup on month-to-month changes with and without seasonal adjustments. I’ll supplement her piece with some visual aids.
First up is a look at the three price tiers and the aggregate price index from their respective peaks in the 2005-2006 region: