San Diego home prices fell again in June and turned negative for the last 12 months in what the authoritative Case-Shiller index termed “a remarkable transformation” from the boom years.

Prices for single-family homes fell 0.31% in June following a 0.08% decline in May, and are down 0.61% for the past 12 months.

While Tampa was the worst major market, “several Western markets including San Diego and San Francisco have joined the negative column — a remarkable transformation from their earlier boom years,” said Nicholas Godec of S&P Dow Jones Indices.

“June’s results mark the continuation of a decisive shift in the housing market, with national home prices rising just 1.9% year-over-year — the slowest pace since the summer of 2023,” he said.

Godec noted that “for the first time in years

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