Jan 27 2016 Market Update

Jan 27 2016 Market Update

January 26 - The S&P / Case-Shiller® Home Price® Index report is out for November 2015, which covers sales closed between September and November 2015.

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The 20 metro areas are ranked as follows for their percentage price appreciation over the prior 12 months:

  1. Portland 11.1%

  2. San Francisco 11.0%

  3. Denver 10.9%

  4. Seattle 9.7%

  5. Dallas 9.4%

  6. Miami 8.1%

  7. Detroit 6.3%

  8. Los Angeles 6.2%

  9. San Diego 6.0%

  10. Tampa 6.0%

  11. Phoenix 5.9%

  12. Atlanta 5.7%

  13. Charlotte 5.3%

  14. Las Vegas 5.2%

  15. Minneapolis 4.3%

  16. Boston 4.7%

  17. New York 3.7%

  18. Cleveland 2.2%

  19. Washington 2.1%

  20. Chicago 2.0%

Phoenix is in the middle of pack and slightly ahead of the national average with was 5.3%.

The west coast, Dallas, Denver and Florida were the strongest areas over the last year. The North and Northeast were the weakest.

The change over the previous month was quite small in many cases:

  1. Miami 0.8%

  2. Tampa 0.5%

  3. Seattle 0.5%

  4. Los Angles 0.3%

  5. Phoenix 0.3%

  6. Charlotte 0.3%

  7. Portland 0.3%

  8. San Francisco 0.3%

  9. San Diego 0.3%

  10. Dallas 0.2%

  11. Denver 0.1%

  12. Detroit 0.1%

  13. Washington 0.1%

  14. Minneapolis 0.1%

  15. Cleveland 0.0%

  16. Las Vegas -0.1%

  17. New York -0.3%

  18. Atlanta -0.3%

  19. Boston -0.5%

  20. Chicago -0.7%

Phoenix is among the top 5 here so we seem to have a bit of relative momentum going on thanks to the low supply at the bottom end of the market. Some of the hottest markets over the past year seem to have lost steam over the last month. Florida is an exception to this trend.


Dave Zajdzinski Headshot
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Phone: 480-332-6468
Dated: January 27th 2016
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