San Diego home prices rising slowly

San Diego home prices rising slowly

San Diego County prices rose once again in September, but the pace continues to slow.

The S&P/Case-Shiller Home Price Index showed Tuesday that from August to September, the index grew 0.9 percent, which is down from 1.8 percent from July to August.

“As we head into the fall we should normally see a slowdown in the rate of activity in the housing market, with probably some easing of house price increases, just as a normal seasonal factor,” said Michael Lea, a real estate professor at San Diego State University.

Annually, prices rose 20.9 percent on the index from September 2012 to September 2013, slightly below San Diego’s post-Great Recession peak of 21.5 percent from August 2012 to August 2013. The county’s September year-over-year gain ranks it fourth on the 20-city index. The national average yearlong gain was 11.2 percent.

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