For the eighth consecutive month, all of the top 100 local markets measured continued to show gains year over year for single-family properties, per the Homes.com Local Market Index. Ninety two markets witnessed month-to-month gains, an increase from 88 that gained in last month’s report.
This month, 28 out of the top 100 markets measured continued to show a complete price recovery – up two from last month’s report with the addition of Greensboro-High Point, NC and Ogden-Clearfield, UT. Additionally, 59 midsize markets (ranked 101 to 300 in population) have rebounded more than 100%, up one from last month with the addition of Peoria, IL, bringing the total to 87, or 29% of the U.S. markets achieving a full recovery. This month’s rebound advancements continued to illustrate progression with the recovery of home prices.
The western region again dominated the top-performing markets on an annual basis with the top 10 markets reporting year-over-year index point gains. The Western region was also the top performer month-to-month, where the Salt Lake City, UT metro area saw a 1.98 index point gain. Eight of the top 10 markets with the highest monthly changes were located in the West with one each from the South and Northeast regions.
For the full rebound report visit the Homes.com Rebound Report.
Hi! I’m Maria, the Marketing Coordinator for Homes.com. I am part of a dream team that is dedicated to running this awesome blog along with Homes.com’s social channels. If I am not busy writing blogs and socially sharing for Homes.com, you can find me painting, drinking tea with my friends, and doing DIY projects!
