U.S. Home-Price Growth at Fastest Rate in Nearly Three Years!

U.S. house prices continued to show no signs of slowing, hitting their highest in nearly three years as demand remains hot!

The S&P/Case-Shiller 20-city index rose 5.9% in the three-month period ending in February compared to the same period a year ago, an acceleration from its 5.7% yearly increase in January. This is the highest rate since July, 2014.

The 20-city index was up 0.4% for a month, or a 0.7% gain when seasonally adjusted.

Metro

Monthly change (%)

12-month change (%)

 

Atlanta 0.4 5.6
Boston 0.4 7.6
Charlotte 0.5 6.1
Chicago 0.2 6.2
Cleveland -0.3 4.5
Dallas 1.1 8.8
Denver 0.4 8.5
Detroit 0.3 6.2
Las Vegas 0.4 6.3
Los Angeles 0.4 5.1
Miami 0 6.7
Minneapolis 0.1 5.9
New York 0 3.2
Phoenix 0.4 5.3
Portland 0.8 9.7
San Diego 1 6.5
San Francisco 1.2 6.4
Seattle 1.9 12.2
Tampa -0.5 6.9
Washington 0.2 4.1

Now is the time to sell to get the most out of your investment. Call us today to find out how we can help you get the most from the sale of your home.

CC: realtor.com

James Silver

Associate Broker | Team Leader

Keller Williams | The James Silver Team

Michigan | Florida

(248) 530-7292 | jamessilver@kw.com

www.jamessilverteam.com