San Diego Real Estate Blog

As of January 2010, home prices nationwide averaged levels similar to those of autumn of 2003. From the peak in June/July of 2006 through the trough in April 2009, the 10-City Composite declined 33.5 percent and the 20-City Composite 32.6 percent. The peak-to-date figures through January 2010 indicate declines of 30.2 percent and 29.6 percent, respectively.

Los Angeles and San Diego showed slight improvements in actual index levels from the previous month to the current month. All other metros and the two composites showed a slight decline from their December 2009 levels.

“The report is mixed. While we continue to see improvements in the year-over-year data for all 20 cities, the rebound in housing prices seen last fall is fading,” said David M. Blitzer, chairman of the Index Committee at Standard & Poor’s.  “Fewer cities experienced month-to-month gains in January than in December 2009, on both a seasonally adjusted and unadjusted basis. On a brighter note, San Francisco ? [is] 12.9 percent above [its] trough value.”

C.A.R. Newsline is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 175,000 REALTORS® statewide