Case Shiller just posted gains in the top 20 US housing markets and it still looks good for Metro-Atlanta; but I must caution all who read this:
1. Some neighborhoods and zip codes, primarily in North Atlanta have pushed the limit on price increases past the point a reasonable buyer could purchase.
2. The higher-end price point on homes in Metro-Atlanta have actually had price decreases, especially in the 4th Quarter of 2019.
3. Those homes priced under $300,000 are experiencing the highest net gain in pricing, and see the most activity, multiple-offers and strong demand for more.
If you are considering a sale of your home this Spring; call me and ask for a Realtor's Price Analysis.... and don't be completely fooled by online companies that provide you regularly with a price based on algorithms. Often times they are close, but not always, and they fluctuate daily.
In October, home prices rose 3.3 percent year-over-year, according to the latest S&P CoreLogic/Case-Shiller Indices, bringing them a milestone 15 percent-plus higher than their last peak, in July 2006.
The complete data for the 20 markets measured by S&P:
Atlanta, Ga.
October/September: 0.4%
Year-Over-Year: 4.2%
Boston, Mass.
October/September: 0%
Year-Over-Year: 3.4%
Charlotte, N.C.
October/September: 0.4%
Year-Over-Year: 4.8%
Chicago, Ill.
October/September: -0.4%
Year-Over-Year: 0.5%
Cleveland, Ohio
October/September: -0.5%
Year-Over-Year: 3.3%
Dallas, Texas
October/September: -0.1%
Year-Over-Year: 2.9%
Denver, Colo.
October/September: 0%
Year-Over-Year: 3.3%
Detroit, Mich.
October/September: -0.5%
Year-Over-Year: 3.1%
Las Vegas, Nev.
October/September: -0.2%
Year-Over-Year: 2.3%
Los Angeles, Calif.
October/September: 0.4%
Year-Over-Year: 2%
Miami, Fla.
October/September: 0.3%
Year-Over-Year: 3.3%
Minneapolis, Minn.
October/September: -0.2%
Year-Over-Year: 4.2%
New York, N.Y.
October/September: 0.3%
Year-Over-Year: 0.8%
Phoenix, Ariz.
October/September: 0.5%
Year-Over-Year: 5.8%
Portland, Ore.
October/September: -0.5%
Year-Over-Year: 2.7%
San Diego, Calif.
October/September: -0.2%
Year-Over-Year: 2.9%
San Francisco, Calif.
October/September: -0.4%
Year-Over-Year: -0.4%
Seattle, Wash.
October/September: -0.3%
Year-Over-Year: 2.5%
Tampa, Fla.
October/September: 0.6%
Year-Over-Year: 4.9%
Washington, D.C.
October/September: 0.3%
Year-Over-Year: 3%
“With October’s 3.3 percent increase in the national composite index, home prices are currently more than 15 percent above the pre-financial crisis peak reached July 2006,” Craig J. Lazzara, of the S&P Dow Jones Indices, said in a statement. “As was the case last month, after a long period of decelerating price increases, the national, 10-city and 20-city composites all rose at a modestly faster rate in October compared to September. This stability was broad-based, reflecting data in 12 of 20 cities.
Comments(4)