NYC area sees home prices increase: CoreLogic

New York /
Sep.September 04, 2012 12:30 PM

Home prices nationwide, as well as those in the New York City area, have increased, according to data released today by CoreLogic.

On a nationwide basis, home prices, which include distressed sales, increased year-over-year in July by 3.8 percent. This marks the biggest year-over-year increase since August 2006. Month-over-month, also including distressed sales, U.S. home prices climbed 1.3 percent, making it the fifth consecutive home-price increase both year-over-year and month-over-month.

In the New York-White Plains-Wayne, NY-NJ region, home prices saw a 3.4 percent year-over-year increase in July, which also included distressed sales; month-over-month, prices went up 3 percent. Excluding distressed sales, prices saw a 3.1 percent year-over-year uptick. New York state as a whole had a 5.4 percent year-over-year increase in home prices including distressed sales. Excluding them, prices went up 5.2 percent in the 12 months ending in July.

As The Real Deal reported last week, New York posted a 2.1 percent increase in prices in June over May, according to S&P/Case-Shiller data.

Both including and excluding distressed sales, Arizona saw the highest appreciation year-over-year — 16.6 percent and 11.3 percent, respectively. In fact, the Phoenix-Mesa-Glendale area saw a 19.9 percent year-over-year jump including distressed properties and a 14.9 percent year-over-year climb excluding them.

For the same categories, Delaware saw the greatest depreciation: 4.8 percent including distressed sales and 3.5 percent excluding them. — Zachary Kussin


Related Articles

arrow_forward_ios
CoStar CEO Andy Florance
CoStar retreats from failed CoreLogic bid
CoStar retreats from failed CoreLogic bid
Auckland, New Zealand and Shenzhen, China (iStock)
Global luxury home sale prices nudged up in 2020
Global luxury home sale prices nudged up in 2020
CoStar Group Andrew C. Florance. (Getty)
CoStar revenue soars 19% after year of acquisitions
CoStar revenue soars 19% after year of acquisitions
From mid-March to the end of 2020, only 11,690 units citywide were affordable to essential workers (iStock)
Affordable, market-rate apartments surge 40%, but remain rare
Affordable, market-rate apartments surge 40%, but remain rare
CoStar's Andy Florance and CoreLogic’s Frank D. Martell (Photos via Getty; Twitter)
CoStar offers $6.9B to buy CoreLogic
CoStar offers $6.9B to buy CoreLogic
From left: CoreLogic CEO Frank Martell, Stone Point Capital CEO Charles Davis and Insight Partners' Deven Parekh (Getty; Stone Point; Insight; iStock)
CoreLogic finds buyer in $6B deal
CoreLogic finds buyer in $6B deal
(iStock)
South Florida hits record $5B in residential sales volume in December
South Florida hits record $5B in residential sales volume in December
The average price of a London home rose above 500,000 pounds, or roughly $685,000, for the first time. (Getty)
London home prices hit new high
London home prices hit new high
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...