HOME PRICES ACCELERATED IN NOVEMBER

[infogram id=”c4a5f597-7f0c-4cb0-8ee2-99c513e708cb” prefix=”p6b” format=”interactive” title=”S&P HOME PRICE INDEX 01312024″]

Key Points:

  • The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 5.1% in the year that ended in November after rising 4.7% in October.
  • The 20-City Composite posted a year-over-year increase of 5.4%, up from a 4.9% increase in the previous month.
  • The 10-City Composite showed an increase of 6.2%, up from a 5.7% increase in the previous month.
  • Detroit once again reported the highest year-over-year gain among the 20 cities with an 8.2% increase in November, followed again by San Diego with an 8% increase.
  • For the third month in a row, Portland fell 0.7% and remained the only city reporting lower prices in November versus a year ago.
  • The Right Facts will continue to monitor home prices.
Source