Home prices in San Diego rose 7.2 percent during the year ending in December, according to a leading housing market index, ranking as the sixth fastest-growing among the country’s large cities.
The Standard & Poor’s/Case-Shiller Home Price Index on Tuesday reported home prices gained 5.7 percent in the country’s top 20 cities, while the national average grew 5.4 percent.
Once again Portland, San Francisco and Denver were the only cities with gains of more than 10 percent, with 11.4 percent, 10.3 percent and 10.2 percent growth, respectively. Chicago, Washington, D.C., Chicago and Cleveland continued to see the smallest gains, with increases of 1.7 percent, 2.4 percent and 2.8 percent, respectively.
