National home prices are rising at their slowest level in more than two years, and San Diego is one of the markets dragging the average down.

The San Diego metropolitan area’s home price decreased 0.66% annually in August, said the S&P Cotality Case-Shiller Indices report Tuesday. That placed San Diego at No. 14 in the closely watched 20-city index.

San Diego metro, which includes all of San Diego County, had the first or second-fastest rising prices in the nation for much of 2024 but has been on a steady decline ever since. Many metro areas that saw surges in the post-pandemic housing boom have fallen sharply.

Tampa was at the bottom of the index with prices falling 3.31% annually. It was followed by Phoenix, down 1.68%, and Miami, down 1.66%.

Nationally, annual prices rose 1.5%, lift

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