Tuesday, April 26, 2022 / by Bryan Baylon
April 26, 2022 Market Update
The latest S&P / Case-Shiller® Home Price Index® numbers were published on April 26.
The new report covers home sales during the period December 2021 to February 2022. So they do not reflect sale since March 1, 2022.
Comparing with the previous month's series we see the following changes:
- San Diego +4.47%
- Seattle +4.38%
- San Francisco +3.70%
- Los Angeles +3.20%
- Denver +3.08%
- Dallas +2.90%
- Tampa +2.65%
- Portland +2.53%
- Miami +2.30%
- Phoenix +2.24%
- Boston +2.09%
- Las Vegas +2.08%
- Atlanta +1.99%
- Charlotte +1.91%
- Washington +1.68%
- Detroit +1.61%
- Chicago +1.20%
- New York +1.11%
- Minneapolis +1.08%
- Cleveland +0.87%
Phoenix has dropped another 2 places to tenth place but remains above the national average, which was 1.73%. The top of this month-to-month table was dominated by the west coast. The north and east are seeing the weakest home price appreciation.
Comparing year of year, we see the following changes:
- Phoenix +32.9%
- Tampa +32.6%
- Miami +29.7%
- San Diego +29.1%
- Dallas +28.8%
- Las Vegas +27.5%
- Seattle +26.6%
- Charlotte +25.5%
- Atlanta +24.0%
- San Francisco +22.9%
- Denver +22.3%
- Los Angeles +22.1%
- Portland +19.0%
- Detroit +14.6%
- Boston +14.6%
- Cleveland +13.6%
- Chicago +13.1%
- New York +12.9%
- Minneapolis +12.0%
- Washington +11.9%
Phoenix is top of the year-over-year table for the 33rd consecutive month.
The national average was 19.8%, up from 19.2% last month.
Market incites provided by the Cromford report.