THE MULTI-INDICATOR MARKET INDEX SAN DIEGO

The MiMi considers a score of 80-120 to be normal or stable. A score below 80 is indicative of a week housing market. A score over 120 is indicative of an elevated market.

The California housing market is in range and improving. The California MiMi is 87.7% for the month, an improvement of 0.92% over last month and 2.81% over the last three months. Of the MiMi indicators three are in range and one is weak. Among the 50 states and the District of Columbia, California ranks 5th increasing 3 spots from last month and increasing eight spots since last year. As you can see in the chart below, the MiMi in California is 69.9% over its all time low of 51.7% reached October 2010.

Nationally, the U.S. scored 79.2 on the MiMi, up 0.71% from the previous month and up 4.35% from the year before.