July 16, 2024

Home Prices Increase

California home sales - home sellers - Home Prices Increase

New York, January 26, 2016 – S&P Dow Jones Indices today released the latest results for the S&P/Case -Shiller Home Price Indices, the leading measure of U.S. home prices. Data released today for November 2015 show that home prices continued their rise across the country over the last 12 months.

The S&P/Case – Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a slightly higher year-over-year gain with a 5.3% annual increase in November 2015 versus a 5.1% increase in October 2015. The 10-City Composite increased 5.3% in the year to November compared to 5.0% previously.The 20-City Composite’s year-over-year gain was 5.8% versus 5.5% reported in October.

Home Prices Increase

San Diego California home prices

Today’s Case-Shiller report showed that San Diego residential home prices increased from October 2015 to November 2015 by a tiny 0.3%. But, the report also showed that for the year San Diego California home prices increased by a substantial 6%!

For my own take on where home prices in San Diego will go this year, be sure to see my San Diego 2016 home price outlook.

To read today’s full Case-Shiller home price report, click here.

Home Prices Increase