National Home Prices Hit New All-Time Highs in September, Case-Shiller Says

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National home price appreciation stayed strong in September, regaining highs last seen at the peak of the housing bubble, according to a price index released Tuesday.

The S&P/Case-Shiller 20-City index was up 0.1% in the three months ending in September, and was 5.1% higher than a year ago. Case-Shiller’s national index rose 5.5% compared to a year ago, an acceleration from the 5.1% annual rise notched in August, to hit all-time highs.

As in past months, western metros were the strongest: Seattle prices rose 11% compared to a year ago, Portland prices were up 10.9%, and Denver saw price gains of 8.7%.

Metro Monthly Change 12-Month Change
Atlanta 0.2% 5.3%
Boston 0.2% 4.3%
Charlotte 0.3% 6.2%
Chicago 0% 4.3%
Cleveland -0.4% 3.0%
Dallas 0.3% 8.0%
Denver 0.3% 8.7%
Detroit -0.1% 5.8%
Las Vegas 0.5% 5.6%
Los Angeles 0.3% 5.9%
Miami 0.5% 6.7%
Minneapolis 0.3% 5.3%
New York 0.1% 1.8%
Phoenix 0.3% 5.3%
Portland 0.1% 10.9%
San Diego 0.1% 5.3%
San Francisco -0.4% 5.7%
Seattle 0% 11%
Tampa 0.5% 7.5%
Washington 0.2% 2.7%


There are some signs that higher prices are weighing on local markets. San Francisco, one of the highest-flying metros for the past few years, saw a monthly decline and a yearly gain that was far less than in past months. Seattle prices were unchanged for the month.

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