10. San Diego
YOY Increase: 4.1%
In San Diego, prices posted a 1.4% gain in September from the month prior, and were 4.1% better since the same time in 2011.
While the month-over-month growth lagged behind August’s, the one-year increase was a significant improvement from the month before — more than double August’s 1.9% gain.
The rise in prices, though, might not actually be because of a strong housing market. Instead, there is talk that San Diego’s real estate inventory is “dangerously low” — a reality that is bad news for the industry’s recovery prospects.
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