Home Price Rose 18.8% YOY in November, Says Case-Shiller
New York, NY, January 25, 2022-Home prices made a 18.8% annual gain in November, down from 19.0% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
The Ten-City Composite annual increase came in at 16.8%, down from 17.2% in the previous month. The 20-City Composite posted an 18.3% year-over-year gain, down from 18.5% in the previous month.
Phoenix, Arizona; Tampa, Florida; and Miami, Florida reported the highest year-over-year gains among the 20 cities in November. Phoenix led the way with a 32.2% year-over-year price increase, followed by Tampa with a 29.0% increase and Miami with a 26.6% increase. Eleven of the 20 cities reported higher price increases in the year ending November 2021 versus the year ending October 2021.
Before seasonal adjustment, the U.S. National Index posted a 0.9% month-over-month increase in November, while the Ten-City and 20-City Composites posted increases of 0.9% and 1.0%, respectively.
After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 1.1%, and the Ten-City and 20-City Composites posted increases of 1.1% and 1.2%, respectively.
In November, 19 of the 20 cities reported increases before seasonal adjustments while all 20 cities reported increases after seasonal adjustments.