“November’s results confirm that the housing market has entered a period of tepid growth,” wrote an analysis at S&P Dow Jones Indices.
Residential homes near the UC San Diego campus in July. San Diego County home prices were up slightly in November. San Diego’s home market might be slow, but compared to the rest of the U.S., it’s still one of the few markets with price growth.
The San Diego metropolitan area’s home price increased 0.32% annually in November, said the S&P Cotality Case-Shiller Indices report released Tuesday. The region was No. 9 in the October 19-city index, its highest showing since December 2024. . There wasn’t a substantial increase in prices, but the San Diego metro — which includes all of San Diego County — didn’t see its fortunes fade as much as other cities. However, prices were still rising more slowly than they were 12 months ago: San Diego was up 4.45% in November 2024. National home prices were up 1.4% in November, the report said, which was near the weakest showing since summer 2023. The top markets were Chicago, up 5.71% annually, and New York, up 5%. Nine of the metro areas on the index were negative. Tampa had the biggest drop, down 3.86%, and was followed by Dallas, down 1.42%, and Phoenix, down 1.36%. “November’s results confirm that the housing market has entered a period of tepid growth,” said Nicholas Godec of the S&P Dow Jones Indices. “National home prices were only 1.4% higher than a year ago, unchanged from October’s annual pace and still near the weakest showing since mid-2023.” The Case-Shiller index tracks repeat sales of identical single-family houses — and is seasonally adjusted — as they turn over through the years. It is often seen as a bellwether of the economy as a whole.Too much? 17% of California homes are owned by investors, according to Attom Data Solutions. The median is the point at which half the homes sold for more and half for less. The index uses a three-month rolling average, so it included sales from September through November. Buyers may have benefited from mortgage rates hitting lows near 6% during this time, said “That rate relief likely helped stabilize buyer sentiment into the fall, though rate lock-in and elevated prices continued to limit overall market turnover,” he said. “Recent housing activity suggests demand is improving only modestly.” The Federal Reserve was set to meet Wednesday to discuss interest rates, which can reduce borrowing costs for homes, cars and other big-ticket items. While many analysts predicted the FedWhile lower mortgage rates often mean home prices go up, because more people jump in the market and start driving up prices, some economists aren’t so sure that will take place in the current environment. Lisa Sturtevant, a chief economist at BrightMLS, said it’s possible both prices and mortgage rates fall this year. “Would-be buyers have hit an affordability ceiling,” she said, “and they are looking for both lower rates and more price negotiation to get into the market.”Chicago: 5.71%New York: 5.03%Cleveland: 3.36%Minneapolis: 2.86%Boston: 1.77%Los Angeles-Anaheim: 0.44%San Francisco: 0.41%Charlotte: 0.34%San Diego: 0.32%Washington, D.C.: 0.26%Atlanta: -0.02%Seattle: -0.14%Las Vegas: -0.43%Portland: -0.63%Miami: -1.05%Denver: -1.31%Phoenix: -1.36%Dallas: -1.42%Tampa: -3.86%Detroit: N/AOfficials believe San Diego is well positioned as cities compete for dwindling state homeless dollars At 82, retired teacher and former marathon runner has discovered his next chapter doesn’t require a busy social calendar At 82, retired teacher and former marathon runner has discovered his next chapter doesn’t require a busy social calendarFree rent, few takers: Despite incentives, labs aren’t taking space in San Diego Amtrak’s Pacific Surfliner launches 13th roundtrip between San Diego and Los Angeles, with plans to expand still morePadres’ 2026 promotional schedule includes bobbleheads, moreAnti-sex trafficking operation nets 105 arrests in San Diego targeting would-be buyers
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Diego Filmmakers Tell Filipino Immigrant Story in 'Red Light Teachers'Gabe Salazar is KGTV's newest multimedia journalist, weekend anchor and forecaster.
Read more »
Nurses at Kaiser Permanente Hospital in San Diego County to strike MondayCity News Service is one of the largest regional news services in the country, serving the Southern California region.
Read more »
City of San Antonio announces updates to service amid severe winter weatherAs a severe cold front grips San Antonio, the city is taking decisive action to ensure the safety and well-being of its residents.On Monday, January 26, 2026,
Read more »
San Diego warship arrives in Cambodia during rare visit by U.S. NavyThe San Diego-based littoral combat ship USS Cincinnati arrived in Cambodia on Saturday for a rare visit to that country by the U.S. Navy.
Read more »
Dozens of flights into and out of San Diego affected due to winter weatherMore than 70 flights into and out of San Diego International Airport were canceled or delayed Saturday due to a major winter storm gripping a vast stretch of…
Read more »
SAN DIEGO'S HISTORIC PLACES: WWII In San DiegoStream now with KPBS+ / Watch Monday, Jan. 26, 2026 at 9 p.m. on KPBS 2. As World War II waged on in Europe, San Diego became a key part of the war. Find out how the city of San Diego became unrecognizable as fears of a Japanese attack on the West Coast became very real.
Read more »