Home price increases outpaced the national average in San Diego County in February but at a slower pace than usual, said the S&P/Case-Shiller Home Price Index released Tuesday.
The San Diego median home price ticked up 6.4 percent in the last 12 months, lower than the 7.2 percent gain in December and 6.9 percent in January.
The nationwide median home price, up 5.3 percent in the last 12 months, also showed signs of slowing.
David Blitzer, managing chairman of the Index Committee at S&P Dow Jones Indices, said in the report that a lack of new home construction and rising prices are not just bad for new buyers but have owners in a bit of a bind.
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