San Diego real estate markets beat national averages
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San Diego real estate markets beat national averages

San Diego home prices remain on the upswing and continue to outpace national averages.

Mirroring national data, the price of San Diego homes for sale rose 0.3 percent from July to August, according to the latest S&P/Case-Shiller Home Price Indices released earlier this week. Annually, home prices in San Diego outpaced major metropolitan cities and beat national averages. Home prices in San Diego were up 6 percent year-over-year, higher San Diego homes for sale than New York City, Phoenix and Chicago.

The data is seasonally adjusted, but shows a robust San Diego real estate market that has increased more than 5 percent from a year ago. Markets like San Francisco grew the most and Washington, D.C. and Chicago grew the least. The most recent median home price figures from Core Logic seem to bear these numbers out. It found the median price of a home for sale in San Diego was $460,000 in September.

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