HOME PRICES INCREASED 19.8% IN LAST YEAR

Key Points:

  • Home-price growth slowed slightly in September as sky-high prices deterred some buyers.
  • The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.8% in the year that ended in February, up from 19.1% in the previous month.
  • The 20-City Composite posted a 20.2% year-over-year gain, up from 18.9% in the previous month.
  • Phoenix reported the highest gains among the 20 cities in February with a 32.9% year-over-year price increase, followed by Tampa with a 32.6% increase and Miami with a 29.7% increase.
  • The median existing-home sales price in March rose 15% from a year earlier to a record $375,300, the National Association of Realtors said earlier this month.
  • The Right Facts will continue to monitor home prices.
Source NAR