Think San Diego home price gains are rough?

San Diego

2022/01/28

San Diego metro saw home price ↑ 24.4% YoY, making it the 6th fastest-growing market, according to the S&P CoreLogic Case-Shiller Indices.But if you think home price gains in San Diego are off the chart, you should see Phoenix.Phoenix dominated the November list with ↑ 32.2% YoY, followed by Tampa ↑ 29% YoY, and Miami ↑ 26.6% YoY.While the increase is difficult for people who live in those cities, they are much less expensive than San Diego.The median home price in Phoenix, for example, was around $410K in November, ~$340K less than the San Diego median.~27% of San Diego County sales were in cash in Q3 2021, so it may not see as much of a knock from rising rates.