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March 29, 2022 Market Update

Tuesday, March 29, 2022   /   by Bryan Baylon

March 29, 2022 Market Update

The latest S&P / Case-Shiller® Home Price Index® numbers were published on February 29.

The new report covers home sales during the period November 2021 to January 2022.

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

  1. San Diego +2.50%
  2. San Francisco +2.35%
  3. Tampa +2.33%
  4. Seattle +2.02%
  5. Dallas +1.89%
  6. Miami +1.83%
  7. Las Vegas +1.70%
  8. Phoenix +1.69%
  9. Denver +1.61%
  10. Los Angeles +1.59%
  11. Atlanta +1.47%
  12. Charlotte +1.26%
  13. Washington +1.11%
  14. Portland +0.91%
  15. New York +0.86%
  16. Detroit +0.71%
  17. Boston +0.66%
  18. Chicago +0.64%
  19. Minneapolis +0.50%
  20. Cleveland +0.33%

Phoenix has dropped 2 places to eighth place but remains above the national average, which was 1.41%. No city declined month to month. Given that the market data does not include any of the Spring selling season, these are particularly strong numbers, particularly for the West and South of the country

Comparing year of year, we see the following changes:

  1. Phoenix +32.6%
  2. Tampa +30.8%
  3. Miami +28.1%
  4. Dallas +27.3%
  5. San Diego +27.1%
  6. Las Vegas +26.2%
  7. Seattle +24.7%
  8. Charlotte +24.4%
  9. Atlanta +22.5%
  10. San Francisco +20.9%
  11. Denver +20.8%
  12. Los Angeles +19.9%
  13. Portland +17.7%
  14. Detroit +14.0%
  15. New York +13.5%
  16. Cleveland +13.3%
  17. Boston +13.3%
  18. Chicago +12.5%
  19. Minneapolis +11.8%
  20. Washington +11.2%

Phoenix is top of the year-over-year table for the 32nd consecutive month.

The national average was 19.2%, up from 18.8% last month.

Market incites provided by the Cromford report.

Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085
602-410-0827

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