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The low-priced tier of the index once again fell hardest, declining 2.9 percent for the month. The middle tier fell .6 percent and the high-priced tier dropped by 1.1 percent. This is the first time during the housing bust, at least as far as I remember, that the high-priced tier declined by more than one of the other two tiers.
From their respective peaks, the low-priced index has fallen by 38.0 percent, the mid-priced index by 30.1 percent, and the high-priced index by 20.1 percent.
The aggregate index is down 28.9% since the November 2005 peak. By this measure, overall San Diego home prices are now lower than they were in October 2003.
— RICH TOSCANO