The divergence between the median home price and the Case-Shiller Home Price Index continues.

According to the HPI, which compares same-home sales and is thus a far better price metric than the median sales price, San Diego home prices were still declining as of April.

If Professors Shiller and Case are to be believed, San Diego single family home prices have dropped 6.7 percent since April 2006 and 7.1 percent since the November 2005 peak.

— RICH TOSCANO