San Diego continued to slide down in rankings of the nation’s hottest real estate markets in October.
The S&P CoreLogic Case-Shiller Indices reported Tuesday that San Diego metro saw a 24.2 percent home price gain in a year, making it the sixth fastest-growing market in 20-city index. San Diego had been in the top two markets in the closely watched index for most of 2021.
Nationwide prices showed signs of finally cooling after record-setting pandemic gains, so San Diego metro (which includes all of San Diego County) was not alone in showing a slight deceleration. U.S. average home prices are still up 19.1 percent in a year.