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San Diego single family home prices as measured by the accurate-but-lagging Case-Shiller index took another hit in April. The overall index declined 2.6 percent from the prior month, 22.4 percent from the prior year, and 27.9 percent from the November 2005 peak.
April’s decline in the aggregate index brought overall home prices back to a level last seen in November 2003. Adjusting for the effects of inflation as measured by the Consumer Price Index, home prices were just below where they had been in November 2002.
— RICH TOSCANO