Arizona Appreciation - We're Back To #1!!

When's the market going to crash?  Not anytime soon : )

The S&P Case-Shiller® Home Price Index® was released yesterday for August 2019. It covers sales between June 1 and August 31.

Here are the month to month changes:

1. Phoenix +0.90%
2. Tampa +0.34%
3. Miami +0.34%
4. Cleveland +0.28%
5. Atlanta +0.23%
6. Minneapolis +0.17%
7. Charlotte +0.14%
8. Boston +0.12%
9. New York +0.12%
10. Detroit +0.11%
11. Chicago +0.10%
12. Dallas +0.04%
13. Washington +0.00%
14. Los Angeles -0.01%
15. Portland -0.03%
16. Denver -0.16%
17. San Diego -0.16%
18. Las Vegas -0.18%
19. Seattle -0.29%
20. San Francisco -0.47%

The national average was +0.20%. Phoenix rose from 3rd to 1st place in this table and is far out in front. 9 out of 20 cities were negative month to month.

The year over year changes were as follows:

1. Phoenix +6.3%
2. Charlotte +4.5%
3. Tampa +4.3%
4. Atlanta +4.0%
5. Boston +3.9%
6. Minneapolis +3.9%
7. Detroit +3.8%
8. Las Vegas +3.3%
9. Cleveland +2.9%
10. Denver +2.9%
11. Miami +2.9%
12. Dallas +2.8%
13. Washington +2.7%
14. Portland +2.6%
15. San Diego +2.3%
16. Chicago +1.4%
17. Los Angeles +1.0%
18. New York +0.9%
19. Seattle +0.7%
20. San Francisco -0.1%

The national average was 3.2%. Phoenix once again extended its lead at the top of the table.