Prices in the San Diego real estate market increase in January 2014
According to the S&P/Case-Shiller index, the San Diego housing market had a price appreciation at the beginning of the year — which happens to be the biggest gain in any January since 2004.
From December 2013, prices overall increased 0.6 percent. For the nation, San Diego is the most improved area for year-over-year performance (20 U.S. cities were measured by the S&P index). In San Diego, the January price average increased 19.4 percent from last year in the same month.
“Also noteworthy: The inventory of homes for sale in the county jumped 44 percent to 6,099 active listings, according to the San Diego Association of Realtors. However, that’s still below the 8,000 to 9,000 listings seen in more typical markets, and well below the 14,000 listings near the 2005 peak” (U-T San Diego, “Heat returns to San Diego housing market”).
Read more about San Diego’s current housing market in U-T San Diego’s article here.