CoreLogic: December Home Prices Increased by 4.0% Year Over Year

Home prices nationwide, including distressed sales, increased year over year by 4% in December 2019 compared with December 2018 and increased month over month by 0.3% in December 2019 compared with November 2019.

“Moderately priced homes are in high demand and short supply, pushing up values and eroding affordability for first-time buyers. Homes that sold for 25% or more below the local median price experienced a 5.9% price gain in 2019, compared with a 3.7% gain for homes that sold for 25% or more above the median.” Dr. Frank Nothaft, Chief Economist for CoreLogic.

Notes: This CoreLogic House Price Index report is for December. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).