By Metro Area
In addition to tracking national home price changes, the S&P CoreLogic Index (SA) reports home price indexes across 20 metro areas. 19 of 20 metro areas reported a home price increase compared to last year. Ten metro areas grew more than the national rate of 3.78% (SA). The highest annual rate was in New York at 7.37%, followed by Chicago at 6.22%, and Washington DC at 5.90%. Denver grew at the lowest rate at 0.92%, followed closely by Dallas at 1.02%. Tampa was the only area that experienced a decline from last year at a rate of -0.33%.
By Census Division
A similar index, the Federal Housing Finance Agency Home Price Index (SA) publishes national data and census division data. The national year-over-year rate was 4.24% for November. Meanwhile, the division with the highest year-over-year rate was 7.67% in New England, while the lowest was 1.81% in West South Central. A three-month trend in rates is shown for each division below. The FHFA Home Price Index releases its metro and state data quarterly, which NAHB analyzed in a previous post.
