July 12, 2024

Home Prices Increase

home prices

A report today by CoreLogic, showed that home prices in December increased by 8.3% when compared to December 2011! This marked the biggest annual gain in home prices since May 2006.plus, the home price increases were extremely broad-based with 46 of the 50 states showing increases in December.

The top three states with the best percentage home price increases were: Arizona, Nevada and Idaho. On the flip side, the top three states for home price decreases were:Delaware, Illinois, and New Jersey.

On a month-to-month basis, the average US home price in December went up a modest 0.4%. But, when one considers that seasonally November, December and January are perhaps three slowest months of the year for real estate sales, any increase at all during this time is noteworthy.

 San Diego MLS