National Appreciation Update

Cromford Daily Observation - The last Tuesday of every month is the date for the release of the S&P/Case-Shiller® Home Price Index® data.

This month the sales period covered is September through November 2018 and here are the month to month percentage changes for the 20 focus cities:

1. New York +0.43%
2. Tampa +0.38%
3. Phoenix +0.32%
4. Miami +0.32%
5. Atlanta +0.28%
6. Dallas +0.20%
7. Charlotte +0.16%
8. Boston +0.08%
9. Las Vegas -0.01%
10. Washington -0.02%
11. Minneapolis -0.16%
12. Los Angeles -0.30%
13. Denver -0.32%
14. Detroit -0.35%
15. Portland -0.48%
16. San Diego -0.63%
17. Cleveland -0.66%
18. Chicago -0.69%
19. San Francisco -0.71%
20. Seattle -0.73%

More than half of the cities had a negative move between October and November although the national average was still positive at +0.05%. Phoenix slipped from 1st to 3rd place being overtaken by New York and Tampa.

For the year over year change we get:

1. Las Vegas +12.0%
2. Phoenix +8.1%
3. Seattle +6.3%
4. Atlanta +6.2%
5. Denver +6.2%
6. Minneapolis +5.8%
7. Detroit +5.7%
8. Tampa +5.7%
9. San Francisco +5.6%
10. Boston +5.6%
11. Charlotte +5.5%
12. Miami +5.0%
13. Cleveland +4.6%
14. Los Angeles +4.4%
15. Portland +4.4%
16. Dallas +4.0%
17. New York +3.5%
18. San Diego +3.3%
19. Chicago +3.1%
20. Washington +2.7%

The national average was 5.2%. Phoenix remains well ahead of that number though far behind Las Vegas.

No city is showing negative appreciation on a year over year basis.