At a more granular level, the index for the bottom third of the market inched up 0.4 percent in June for a year-over-year gain of 0.9 percent (versus a year-over-year gain of 11.1 percent at the same time last year); the index for the middle third of the market inched up 0.2 percent but dropped 0.5 percent on a year-over-year basis, which was the first year-over-year drop for the middle tier since the second quarter of 2012 ; and the index for the top third of the market eked out a 0.1 percent gain for a year-over-year gain of 1.3 percent (versus a year-over-year gain of 9.3 percent gain at the same time last year).
And at 0.7 percent, San Francisco ranked next to last in terms of year-over-year gains for the top 20 metropolitan areas in nation, above only Seattle (which was down 1.3 percent) and versus a national average of 3.1 percent.