The latest S&P / Case-Shiller® Home Price Index® numbers were published yesterday. They cover home sales during the period of August 2020-October 2020.  See below for the figures. The take-away:

Phoenix tops nation in home price growth — yet again

Comparing with the previous month’s series we see the following changes:

1. New York 1.89%
2. San Diego 1.70%
3. Phoenix 1.68%
4. Tampa 1.65%
5. Boston 1.53%
6. Miami 1.45%
7. Dallas 1.45%
8. Charlotte 1.33%
9. Washington 1.27%
10. Cleveland 1.23%
11. Atlanta 1.20%
12. Los Angeles 1.10%
13. Seattle 1.06%
14. Minneapolis 1.05%
15. Chicago 1.02%
16. Denver 0.94%
17. San Francisco 0.91%
18. Las Vegas 0.83%
19. Portland 0.70%

The national average was +1.37% so Phoenix home prices increased at a much higher rate than the national average, but fell to 3rd from 1st place compared with last month, displaced by New York and San Diego. All cities saw accelerating prices, marking a strengthening of the housing market across the entire nation.

The year over year comparisons are below:

1. Phoenix 12.7%
2. San Diego 11.6%
3. Cleveland 9.5%
4. Boston 9.4%
5. Portland 8.9%
6. Tampa 8.6%
7. Charlotte 8.6%
8. Los Angeles 8.4%
9. Washington 8.2%
10. Minneapolis 7.8%
11. San Francisco 7.7%
12. Denver 7.0%
13. Miami 6.8%
14. Atlanta 6.8%
15. Dallas 6.5%
16. Las Vegas 6.4%
17. Chicago 6.3%
18. New York 6.0%

The national index increased by 8.4% over the 12 months.

 

Read the full article on Bizjournals.com HERE.