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  • Latest Price Index Report

    Wednesday, January 27, 2021   /   by Jennifer Marsh

    Latest Price Index Report

    The latest S&P / Case-Shiller® Home Price Index® numbers were published today. They cover home sales during the period September to November 2020.

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

    1. New York +1.79%
    2. Boston +1.42%
    3. Tampa +1.38%
    4. Phoenix +1.28%
    5. Miami +1.26%
    6. Atlanta +1.19%
    7. Charlotte +1.14%
    8. Washington +1.10%
    9. Denver +1.01%
    10. Los Angeles +0.94%
    11. San Diego +0.94%
    12. Seattle +0.91%
    13. Dallas +0.82%
    14. Minneapolis 0.73%
    15. Las Vegas +0.72%
    16. Portland +0.70%
    17. San Francisco +0.58%
    18. Chicago +0.35%
    19. Cleveland +0.06%

    The national average increase was 1.07% over the prior months, a very strong number. However, Phoenix was comfortably ahead of that curve and remained in third place. The northeast cities of New York and Boston are doing unusually well at the moment.

    Comparing with this time last year we see the following changes in the indexes:

    1. Phoenix +13.8%
    2. Seattle +12.7%
    3. San Diego +12.3%
    4. Boston +10.4%
    5. Cleveland +9.8%
    6. Portland +9.5%
    7. Tampa +9.5%
    8. Charlotte +9.4%
    9. Minneapolis +9.4%
    10. Los Angeles +9.1%
    11. Washington +9.1%
    12. San Francisco +8.3%
    13. New York +8.2%
    14. Denver +8.1%
    15. Miami +7.9%
    16. Atlanta +7.9%
    17. Chicago +7.5%
    18. Dallas +7.2%
    19. Las Vegas +6.8%

    The national average was +9.5%, so once again Phoenix is well above average and retains its position as the fastest appreciating city of the 19 that Case-Shiller focuses on.


    So what is The Marsh Team telling you?  ...we say do not wait to purchase your next home!