The median price per square foot of San Diego resale homes was down
.2% for single family homes, up .8 percent for attached homes, and
up .2% in aggregate in September.  Let’s call it flat for the
month:

The Case-Shiller proxy, which uses a 3-month rolling average,
dropped a notch to its lowest level in over two years:

Here are calendar-aligned versions of the above two graphs to help
account for seasonality:

Closed and pending sales were both down for the month, but both are
mildly up from a year ago:

Inventory also dropped for the month, but is 11% below last year’s
level:

Months of inventory climbed to 5.3 months — up from August but 16%
below last year’s level:

We’ll have to watch to see if that months of inventory figure keeps
creeping up, but for now, it’s at a fairly neutral level that
doesn’t imply much in the way of big price swings in the near
future.