Understand what's inside yardsticks commonly used to analyze the housing market's overall price direction
The site is two blocks from Petco park and in the vicinity of some of downtown San Diego’s most high-profile buildingsAnd the biggest loss? In LA-OC it was a drop of 28 percent for Case-Shiller vs. a 36 percent drop for the median . In San Diego, Case-Shiller’s worst was off 27 percent vs. 35 percent for its median .One good example of short-run differences is the volatile times of the pandemic era.
Then rates soared in 2022 as the Federal Reserve tried to cool an overheated economy. A swift housing correction saw LA-OC prices drop off the peak by 8 percent, according to Case-Shiller vs. 11 percent for the median. In San Diego, prices fell 11 percent by both measurements. But Southern California housing watchers should note that Case-Shiller also shows more down periods for local housing.
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