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